Wednesday, 24 August 2022

Biden To Forgive Up To $20,000 In Student Loan Debt

President Joe Biden announced on Wednesday at 2:15 EST that he would provide $20,000 in debt relief to Pell Grant recipients and $10,000 for all other borrowers in what can only be seen as a win for everyday people. That is -- unless you're Jim Jordan.

Via CNBC:

The relief will be limited to Americans earning under $125,000 per year or $250,000 for married couples or heads of households. The relief is also capped at the amount of a borrower's outstanding eligible debt, per the Education Department.

This is a BFD:

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