President Joe Biden is on the verge of announcing $10,000 in federal student loan forgiveness per borrower for millions of Americans, according to The Washington Post.
"The White House's latest plans called for limiting debt forgiveness to Americans who earned less than $150,000 in the previous year, or less than $300,000 for married couples filing jointly," write Post reporters Tyler Pager, Danielle Douglas-Gabriel, and Jeff Stein. Their sources did not say "whether the administration will simultaneously require interest and payments to resume at the end of August, when the current pause is scheduled to lapse."
