E1558: Americans Are Torn Over Biden's Election-Time Decision About Student Loans

Biden announced Wednesday plans to give $10,000 for borrowers making less than $125,000 annually. Pell Grant recipients will receive $20,000 in debt handouts provided their income is below the $125,000 threshold. Administration officials claim that no individual or household in the top 5% of earners will benefit from the decision. The White House is also extending pause on student loan payments through the end of the year. Coinciding with the announcement is a new Education Department proposal that allows borrowers to cap undergraduate loan repayment at 5% of their monthly income. Hosted on Acast. See acast.com/privacy for more information.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.Discover other shows on the Talk Red Podcast Network, and get your daily fix of news, sports, and entertainment at https://TalkRed.com.DISCLAIMER: Some elements of this podcast may include AI-generated content, such as cover thumbnail images, show descriptions and some background audio. Hosted on Acast. See acast.com/privacy for more information.