Just in time for the midterm elections, the Biden administration has announced that millions of college graduates don't have to pay back their student loans.
This week, President Joe Biden announced a plan to cancel up to $10,000 in student debt for individual borrowers making less than $125,000 a year and two-income households making up to $250,000 a year. Pell Grant recipients would be eligible for up to $20,000 in debt cancellation.
