Local legislators react to Biden’s student loan forgiveness plan
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August 25, 2022

Local legislators react to Biden’s student loan forgiveness plan

By Stacy Wolford

Staff and wire reports
More than 40 million Americans could see their student loan debt reduced — and in many cases eliminated — under the long-awaited forgiveness plan President Joe Biden announced Wednesday.
Fulfilling a campaign promise, Biden is erasing $10,000 in federal student loan debt for those with incomes below $125,000 a year, or households that earn less than $250,000. He’s canceling an additional $10,000 for those who received federal Pell Grants to attend college.

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