White House Leaning Toward Cancellation of up to $10,000 per Student Loan Borrower
White House officials are leaning toward the cancellation of up to $10,000 in student loan debt per borrower. According to sources familiar with the discussions, the plan is designed to offer the forgiveness to individuals who earn less than $125,000 per year. In addition, administration officials have also recently discussed the possibility of additional forgiveness for specific subsets of the population. The announcement could come as early as tomorrow but it’s unclear if a final decision on the details of the announcement as well as the timing has been made.