TICAS Statement on the Biden Administration’s Student Debt and Repayment Announcements

August 24, 2022

“Today, President Biden announced that his administration will cancel up to $10,000 of debt for all student borrowers with federal undergraduate, graduate, and parent loans who earned annual incomes less than $125,000, as well as up to $20,000 of debt for borrowers whose incomes fall below those thresholds and received a Pell Grant to help them pay for college.