Biden cancels student debt for millions of Americans PBS NewsHour

And here's what she had to say about how it impacts her. And so a big piece of this is what it did for those Pell Grant recipients. The student loan forgiveness for them is, as you noted, $20,000 forgiveness if they're making less than $125,000 a year.

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Now, again, he initially wanted Congress to do this. He didn't want to have to use his executive action to forgive the $10,000 in student debt, but ultimately felt that it was necessary. They also announced changes to how loans are to be repaid, right? And so, like Wisdom Cole, who leads their Youth Division for the NAACP, a lot of progressives are going to reset once those payments start again next year and start pushing the White House to potentially forgive even more for non-Pell Grant recipients. In remarks today, the president anticipated opposition from Republicans and said the relief was targeting low- and middle-income Americans.

Biden cancels student debt for millions of Americans

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They have listed many, many Republicans there who they say have also argued this is unfair, people who also had tens of thousands or hundreds of thousands or millions of dollars in PPP loans forgiven. And now you're asking them, essentially, to pay a half-a-trillion or there's some estimates  up to a trillion dollars, really, to forgive all the loans of these people out there who currently have loans. I think that students everywhere are going to be excited about that. Now, ultimately, again, we — I have spoken to a lot of students across the country in the past year, students like Braxton Simpson.