White Home officers are planning for President Biden to make an announcement on Wednesday about his proposal for coping with student-loan debt, based on folks acquainted with the matter.
The president and his senior aides have for months been weighing whether or not to cancel some federal pupil mortgage debt. Mr. Biden’s prime advisers have discussed several proposals, together with eliminating $10,000 in federal student-loan debt for debtors making lower than $125,000 a 12 months, the folks mentioned. The president’s advisers have additionally mentioned extending a pandemic pause on federal student-loan funds.
