President Biden is canceling student loans/Grant

Announced on wednesday

JOE BIDEN TWEET -

"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 .

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Can a President do this without Congress support?

"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."

Borrowers were waiting for years !!

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

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Many borrowers are celebrating Biden's announcement: "Holy cow," Downing  debts to drop from $16,000 to $6,000. "This is going to change and save lives," few tweeted

Borrowers have been waiting years for loan forgiveness

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