34 Biden cancels even MORE student debt: Up to 6.9 million Americans in SAVE plan who received less than $12,000 will have their loans wiped if they have been paying for 10 years (www.dailymail.co.uk) posted 325 days ago by goldentomatoes1 325 days ago by goldentomatoes1 +35 / -1 Biden cancels student debt for those who received less than $12,000 President Joe Biden announced on Friday that federal student loans will be wiped out for borrowers who received less than $12,000 and have been in repayment for the past decade. 4 comments share 4 comments share save hide report block hide replies
Don't be fooled by the spin.
This was always what was promised with federal student loans: if you pay on-time for 10 years, the balance is forgiven. Brandon is merely enforcing the pre-existing law and trying to take credit for it.