Biden to Forgive Up to $20,000 in Student Debt, Phase Out Pause

Happening Now: President Biden delivers remarks on his student loan debt relief plan. https://t.co/ApEPYM6OwL

— The White House (@WhiteHouse) August 24, 2022

President Biden’s student debt plan will provide relief to up to 43 million borrowers earning less than $125,000 a year. Nearly 90% of the benefit of this action will go to borrowers earning less than $75,000 a year. pic.twitter.com/7MLUN9H3jj

— The White House (@WhiteHouse) August 24, 2022

🔹 $10k forgiveness for borrowers who earn less than $125k per year
🔹 $20k for Pell grant recipients
🔹 Payment moratorium extension 4 months, according to people familiar https://t.co/VLoJkpg5dr

— Bloomberg (@business) August 24, 2022

I’ll be delivering remarks on my Administration's student loan debt relief plan at 2:15 PM ET.

In the meantime, go to https://t.co/80wXPTae6V for more information.

— President Biden (@POTUS) August 24, 2022

In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.

I'll have more details this afternoon. pic.twitter.com/kuZNqoMe4I

— President Biden (@POTUS) August 24, 2022