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FREE MONEY! Biden Cancels $10,000 In Federal Student Loan Debt

joe biden shaking his fist

At a glance

  • President Biden has announced a much-anticipated loan forgiveness program Wednesday, sources familiar with the plan told the Associated Press.
  • Americans are poised to foot a nearly $300 billion deal with President Biden’s expected announcement on Wednesday to forgive thousands in federal student loan debt and extend a repayment pause to next year.
  • According to the Penn Wharton Budget Model, a one-time maximum debt forgiveness of $10,000 for borrowers who make less than $125,000 will cost around $300 billion for taxpayers.

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