Joe Biden Announces Decision to Forgive up to $20,000 in Student Debt per Person

President Joe Biden announced his final decision to forgive up to $20,000 in student debt for Americans making less than $125,000 a year.

The president announced details of his plan on social media, citing his “campaign promise” to give “working and middle-class families breathing room” on student loans.

The president will forgive debts of up to $20,000 dollars for students who went to college on Pell grants and $10,000 for students who did not receive Pell grants.

Debt forgiveness only applies to individuals earning less than $125,000 or couples filing joint earnings of $250,000.