Biden announces student loan forgivene

another deadline for the federal student loans in America, which total $1.7 trillion.

President Joe Biden unveiled a plan to forgive debt for some Americans on Wednesday.

A strategy to give working and middle-class families breathing room is being announced by the administration.

they get ready to start paying back federal student loans in January 2023

As part of Wednesday's larger programme, Pell Grant recipients may be eligible for up to $20,000 in debt forgiveness.

Both methods for forgiveness are available to those whose family income is less than $250,000.

At 2:15 PM on Wednesday, Biden will speak in the Roosevelt Room.