Report: Biden Administration Plans to Cancel $10,000 in Student Debt Per Borrower

The administration of U.S. President Joe Biden is planning to cancel $10,000 in student debt per borrower, The Washington Post reported on Friday, citing three people with knowledge of the matter.

The White House plan would apply to Americans who earned less than $150,000 in the previous year, or less than $300,000 for married couples filing jointly, two of the people told the Post.The current government pause in student interest and payments expires at the end of August. It was not clear if the administration planned to resume payment requirement then.



The sources, who were not identified, told the newspaper that details could change.



Biden had hoped to make the announcement at …

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