- $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
I was lucky enough to be able to not take loans after community college. So I have <$10k in debt. I could afford to pay that, but I absolutely see someone "just" getting a 2 year or a basic 4 year struggling from that.