YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Biden announces student loan forgiveness program

Posted online

More than 40 million Americans could be assisted through a student loan forgiveness plan announced by President Joe Biden on Wednesday.

The plan calls on the erasure of $10,000 in federal student loan debt for those with incomes below $125,000 a year, or households that earn less than $250,000. Another $10,000 in student loan debt will be canceled for those who received federal Pell Grants to attend college.

Of the 43 million borrowers eligible for some debt forgiveness, some 20 million could get their debt erased entirely, according to the Biden administration.

Read more from The Associated Press.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: EarthWise Pet

The first southwest Missouri location of EarthWise Pet, a national chain of pet supply stores, opened; Grey Oak Investments LLC relocated; and Hot Bowl by Everyday Thai LLC got its start.

Most Read
Update cookies preferences