CNBCのインスタグラム(cnbc) - 8月27日 07時03分


For the millions of Americans with student debt who have been waiting to hear how the Biden administration would act — if at all — on student loan forgiveness, the last few months have felt like years.⁠

President Joe Biden has now finally made his decision, announcing Wednesday that he’ll cancel $10,000 per borrower and $20,000 for recipients of Pell Grants.⁠

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.⁠

If we zoom out, the last few months are just a blip on what has been a more-than-decadelong push to get education debt canceled.⁠

This timeline shows how we got here. More details about what could be next at the link in bio.


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