Expect student loan forgiveness to be limited.
Here are the potential income limits that Biden could impose to qualify for student loan forgiveness.Within weeks, President Joe Biden could announce a comprehensive plan for wide-scale student loan forgiveness. If student loan borrowers get their way, Biden could forgive student loans for. How wide-scale will wide-scale student loan forgiveness be? Well, expect limits on student loan cancellation. Biden, who has, could impose income limitations on any wide-scale student loan relief.
Here are the potential income limits that Biden could impose to qualify for student loan forgiveness.. The Biden administration said that it’s considering an annual income limit of $125,000 for student loan borrowers to qualify for wide-scale student loan forgiveness. During the 2020 presidential campaign, Biden used the same $125,000 income threshold for a tuition-free college plan. Sen.
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