White House decision on student loan forgiveness may come this week

Cori Dubois,
This is a file image of twenty dollar bills. (Elise Amendola, AP)

WASHINGTON (WLNE) — The White House may tie student loan debt relief to an income threshold.

According to CNN, the Biden administration is leaning towards cancelling up to $10,000 in student loan debt for every borrow, but they have to earn less than $125,000 a year.

President Joe Biden’s plan could be announced as soon as Wednesday.

The current pause on federal student loan payments is set to expire Aug. 31.

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