Biden Teases Amended Plan For Federal Student Loan Forgiveness Despite Backlash

President Joe Biden is once again teasing student loan borrowers as new reports claim the President is eyeing a $10,000 forgiveness sum, but only if the borrower earns less than $150,000 in income and $300,000 for married couples. While no decision has yet to be made, this could be a great sign for the millions of Americans bogged down by their student debt. Cenk Uygur, Jayar Jackson, and Michael Shure discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

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Read more HERE:
https://www.businessinsider.com/biden-announcing-cancel-10000-student-loan-debt-150000-income-cap-2022-5

"The latest reports show President Joe Biden sticking to his original campaign pledge to forgive $10,000 in student debt per borrower — but with limits.

The Washington Post reported on Friday that, according to three people familiar with the matter, Biden's latest loan forgiveness plan include $10,000 in relief for federal borrowers who make under $150,000 in the previous year, or less than $300,000 for married couples who filed jointly. This income threshold is slightly higher than previous reports that suggested Biden was considering capping the relief for those making under $125,000.

"No decisions have been made yet," White House spokesperson Vedant Patel told the Post.
While the Wall Street Journal reported earlier this week Biden had hoped to make an announcement regarding student-loan forgiveness while delivering a commencement speech at the University of Delaware on Saturday, White House officials told the Post that timeline has been pushed back due to the shooting in Uvalde, Texas."

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