Joe Biden expected to announce $10,000 student loan

President Biden's expected student loan forgiveness will cost American taxpayers an estimated $300 billion

President Biden is expected to announce a much-anticipated loan forgiveness program Wednesday

sources familiar with the plan told the Associated Press.

Americans are poised to foot a nearly $300 billion deal with President Biden’s expected announcement on Wednesday to forgive thousands in federal student loan debt

extend a repayment pause to next year.

a one-time maximum debt forgiveness of $10,000 for borrowers who make less than $125,000 will cost around $300 billion for taxpayers.

The cost increases to around $330 billion if the program is continued over the standard 10-year window

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