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Biden to Unveil Long-Awaited Student Debt Relief Measures on Wednesday

  • President set to make long-awaited announcement Wednesday
  • Advocates pushing for more than $10,000 in debt forgiveness
Bloomberg business news
Is Biden going to do anything about student loans?
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President Joe Biden will make his long-awaited announcement on student debt relief this week and yet some of the biggest drivers behind the forgiveness plan will be left disappointed.

Biden plans to unveil his approach Wednesday, according to people familiar with the timing. For several months, he’s been weighing forgiving $10,000 per borrower in student debt and capping the relief at incomes of $125,000 to $150,000 a year.