President Joe Biden says the U.S. government will forgive $10,000 - $20,000 in student loans.
U.S. President Joe Biden has announced a plan to cancel student loan debt for millions of Americans.
In a tweet, Biden announced that borrowers who earn less than $125,000 a year, would be eligible for $10,000 in loan forgiveness if they didn't receive Pell grants.
Meanwhile, Pell grant recipients will be given $20,000 in loan forgiveness.
Pell grants are reserved for undergraduates with the most significant financial need.
Biden is also extending a pause of federal student loan payments through the end of the year.
According to the White House, the plan would erase the federal student debt of approximately 20 million Americans.
Public Health Asking for $42-Mill
Fort Erie Increasing Pressure on Niagara Health
Young Offender Arrested in Vape Store Theft
150th Birthday Celebrated at Montebello Park
City Encouraged to Go After Funding
Cost of Renewing Vows Could Rise
GM Investing in St. Catharines
NRP Investigating Fatal Pelham Crash