Last updated on July 18th, 2023 at 01:55 pm
President Biden extended the repayment freeze, expanded loan forgiveness, and canceled $10,000-$20,000 in student loan debt for those making under $125,000.
The White House tweeted:
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According to a White House fact sheet:
Targeted student loan cancelation is the best way to help the borrowers who are buried under a mountain of student debt but who work in professions where they don’t make huge salaries. For example, public school teachers often have to borrow to pay for their education and do not make large incomes.
Biden is taking action to cancel debt for working-class Americans.
The Biden presidency has been focused on working and middle-class Americans and this action by the president demonstrates his commitment to the people who are the real drivers of the US economy.
President Biden is the most middle-class-focused American president in years.
Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
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