Biden’s Team Eyes $125,000 Income Cutoff for Student Loan Relief
- Officials say plan would relieve at least $10,000 of debt
- Warren, progressives want Biden to forgive at least $50,000
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President Joe Biden is considering limiting his program to relieve student debt to Americans earning less than $125,000, White House Press Secretary Jen Psaki said Tuesday.
Biden said last week he would soon take executive action to forgive some student debt. White House officials have previously said the plan would relieve at least $10,000 of debt per borrower, and that they expected the program would include income restrictions.