Biden announces student loan cancellation.

Yesterday, President Joe Biden formally announced an executive order for widespread student debt cancellation. The move comes after more than a year of internal debate by Biden and his administration, who were trying to execute one of his key campaign promises. In the end, the administration is going to wipe out $10,000 of federal student loan debt for any individual making under $125,000 per year, or any couple making less than $250,000. Borrowers who received Pell Grants (about 6 in 10 borrowers) and make less than $125,000 a year will be eligible for total forgiveness of $20,000.You can read today's podcast here.You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here.Our podcast is written by Isaac Saul and produced by Trevor Eichhorn. Music for the podcast was produced by Diet 75. Today’s episode was edited by Zosha WarpehaOur newsletter is edited by Bailey Saul, Sean Brady, Ari Weitzman, and produced in conjunction with Tangle’s social media manager Magdalena Bokowa, who also created our logo.--- Send in a voice message: https://podcasters.spotify.com/pod/show/tanglenews/message Hosted on Acast. See acast.com/privacy for more information.