The press is indicating that President Joe Biden will make an announcement tomorrow on his long-awaited decision to cancel student loan debt for millions of Americans. Rumors suggest that the president will be canceling $10,000 of student debt per borrower, excluding borrowers with annual income over $125,000. At the same time, it is expected that he will extend the pause on student loan repayment that has been in place since the onset of the COVID-19 pandemic.
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