Joe Biden expected to announce $10k student loan forgiveness program Wednesday

President Joe Biden is expected to announce a much-anticipated student loan forgiveness program Wednesday, sources familiar with the plan told the Associated Press

USA are poised to foot a nearly $300 billion deal with President Biden’s expected announcement on  last Wednesday

Forgive thousands in federal student loan debt and extend a repayment pause to next year

1 time maximum debt forgiveness of $10k for borrowers who make less than $125k will cost around $300 billion for taxpayers

U.S.A Secretary of Education Miguel Cardona told news that the much-anticipated decision on loan forgiveness would come "soon" but was vague on details.

No one with a federally-held loan has had to pay a single dime EMI in student loans since President Biden took office

Administration has already canceled about $32 billion in debt

Biden has put his support behind $10k in student loan forgiveness, Warren pledged to canceled $50k for most borrowers and Sanders