President Joe Biden on Wednesday announced steps to address student loan debt, which includes forgiving up to $20,000 for some borrowers and extending the payment freeze one final time until the end of the year.
“In keeping with my campaign promise, my Administration is announcing a plan to give working and middle-class families breathing room as they prepare to resume federal student loan payments in January 2023,” Biden said on Twitter announcing the plan.
The President will speak at 2:15 p.m. ET to formally announce the plan. Watch LIVE below.
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