Announced on wednesday
"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," Biden said in a tweet .
"in present circumstances, this authority could be used to effectuate a program of categorical debt cancellation directed at addressing the financial harms caused by the COVID-19 pandemic."
The loan forgiveness announcement comes more than two years after then-presidential candidate Joe Biden pledged to cancel at least $10,000 in federal student loans.
— Anonymous
"Borrowers are celebrating”
The loan forgiveness announcement comes more than two years after then-presidential candidate Joe Biden pledged to cancel at least $10,000 in federal student loans. The pledge has followed the administration since