- High earners could be excluded from qualifying for student-loan relief
- A source told The Washington Post that ‘There’s different proposals floating around about how to structure this’
- Relief for loans that were taken out for medicine and law degrees could also be excluded, the paper reported
- Biden on Thursday that he’s taking a ‘hard look’ at the matter of student-loan relief and expects to make a decision ‘in the next couple of weeks’
- On Thursday, he ruled out a plan by Democrat lawmakers to relieve as much as $50,000 each – and instead said it would possibly be at least $10,000
- Last month nearly 100 bicameral Democrat lawmakers signed a letter urging Biden to cancel up to $50,000 in federal student loan debt per borrower
- Roughly 43 million Americans hold about $1.6 trillion in federal student debt
