US President Joe Biden to announce waiver of student loans today

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US President Joe Biden to announce waiver of student loans today
US President Joe Biden to announce waiver of student loans today
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US President Joe Biden to announce waiver of student loans today
US President Joe Biden to announce waiver of student loans today

The United States President Joe Biden is likely to announce student loan relief today in addition to the existing payment pause. The student loan relief measures will be applicable to borrowers who make less than USD 125,000 annually.

President’s intended measure will include at least USD 10,000 for the applicable borrowers. Since the pandemic, the white house has extended the payment pause six times under ex-President Trump and the current President Biden. It is known that the White House has imposed a self-deadline on August 31st. This has left millions of US students in a frenzy as the student loan payments which have been deferred since the pandemic would resume next month. This came with guidance from the Department of Education.

Trump’s order accumulated the interest on federal student loans.