Campaign Promises Going Up, Biden Admin Set To Cancel Debt For American Graduates Who Earn Less Than $125,000 annually, News In Progress

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.

I'll have more details this afternoon. pic.twitter.com/kuZNqoMe4I
— President Biden (@POTUS) August 24, 2022

This is a win, small but necessary, in the road to freeing up funds for the middle-class American worker.

You should wipe out interest along with this! It’s the interest that keeps people indebted!!
— Leslie Wimes (@womenonthemove1) August 24, 2022

I’m grateful for everyone who’s raised their voices to #CancelStudentDebt. Today is a win—and it paves the way for even more victories to come, if we keep fighting side by side.
— Elizabeth Warren (@ewarren) August 24, 2022

We’ve been working towards this day for a long time, and it’s here: President @JoeBiden is taking historic action to cancel up to $20,000 of debt for millions and millions of Americans.
— Elizabeth Warren (@ewarren) August 24, 2022

Make no mistake: This is one of the biggest acts of consumer debt relief in American history, and it will directly help hard-working people who borrowed money to go to school because they didn’t come from a family that could write a big check.
— Elizabeth Warren (@ewarren) August 24, 2022