President Joe Biden says the U.S. government will forgive $10,000 - $20,000 in student loans.
U.S. President Joe Biden has announced a plan to cancel student loan debt for millions of Americans.
In a tweet, Biden announced that borrowers who earn less than $125,000 a year, would be eligible for $10,000 in loan forgiveness if they didn't receive Pell grants.
Meanwhile, Pell grant recipients will be given $20,000 in loan forgiveness.
Pell grants are reserved for undergraduates with the most significant financial need.
Biden is also extending a pause of federal student loan payments through the end of the year.
According to the White House, the plan would erase the federal student debt of approximately 20 million Americans.
St. Catharines Trying for Development Near Hospital
NRP Release Robbery Suspects Pics
Update: Police Charge Another Man, Other Charges Dropped
Speed Cameras Considered Near Schools
Grimsby Council Pay Reviewed
NRP Find Missing Senior
Update: Suspect Wanted for Murder
Val Kilmer Dead at 65