- $10k cancellation for those making less than $125k annually
- $20k cancellation for Pell Grant recipients
- Student loan pause extended until December 31st
- 5% of monthly income cap on student loan payment (optional?)
Honestly pretty sick for me and my family. Wipes out my debt, my mom's debt, and most of my sister's. Wish we could've gotten more, since there's no good reason not to go to at least $50k, but from a selfish PoV it's hard to complain in the moment
As someone else commented on the article yesterday that was the predecessor to this, I'm not believing it until I get an email from my loan servicer.
And as the article itself notes, he's only JUST NOW putting together a plan for this, they haven't actually done shit yet.