President Biden is expected to announce that many Americans can have up to $10,000 in federal student loan debt forgiven. biden debtforgiveness studentloans kprc2 click2houston US
Interest rates will remain at 0% until repayments start. Under an earlier extension announced in April, people who were behind on payments before the pandemic will automatically be put in good standing.Details are yet to be announced, but only people making less than $125,000 a year are expected to qualify. People who borrowed through most federal student loan programs are likely to be eligible, while those who have private loans issued by banks or schools probably won't be.
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