Biden Loan Forgiveness Plan Disapproved by U.S. Judge in Texas

For those making less than $125,000 or families making less than $250,000, the debt cancellation proposal would eliminate $10,000 in student loan debt. Receivers of Pell Grants, who often exhibit greater financial need, would also receive a $10,000 debt forgiveness bonus. Federal student loans taken out for undergraduate and graduate study, as well as Parent Plus loans, are cancelled.
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