US President Joe Biden has announced his government will forgive at least $10,000 in student loans for many debt-laden university graduates in the United States, in a move that progressive activists and lawmakers welcomed but said does not go far enough.
In a tweet on Wednesday morning, Biden said students who received federal Pell Grants for lower-income families would get $20,000 in debt forgiveness, while those who did not would get $10,000. The relief only applies to those earning less than $125,000 annually, he said.
