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Biden to Forgive Student Loans in August 2022?

  Alright folks I’m back with another student loan update! According to CNBC, Biden is set to make a decision on student loan forgiveness by the end of August 2022. Now while I’m not entirely sold that this is actually happening, there are several things for you to be aware of. First things first there is still no clear information on how much will be forgiven. While Biden did discuss student loan forgiveness of $10K during his campaign trail other sources have reported higher amounts of 50K. Of course, none of this is set in stone and we are all waiting to hear something. This is a thumbnail of my latest YouTube video on “Biden to Forgive Student Loans in August?” I am looking at the camera suspiciously while seated in my office. The background is red. There may also be income restrictions of who may qualify for student loan forgiveness. Single folks may have a threshold of 125K-150K while those who are married may be between 250K-300K. There is also some talk surrounding what typ

Another Student Loan Debt Update from Mr. Biden

 

Alright guys, I’m back with another student loan forgiveness update but this time it sounds like we may be on to something here! Several reputable reports have stated that Mr. Biden will be making an announcement soon regarding widespread student loan forgiveness. If you remember during the Biden Administration’s campaign trail there was much talk about forgiving $10K in student loan debt for all borrowers. Now, it seems like we may be at the doors of this actually happening!



Figure 1: This is a thumbnail of my latest YouTube video “Another Student Loan Update from Mr. Byron where I am resting my hand on my chin with a suspicious look on my face next to a photo of Joe Biden.


Biden had planned to announce this last month but due to a trend of recent events in our country this was put on hold and rightfully so. Several sources are saying that Biden will announce the $10K in student loans that he previously promised to borrowers. However, there will be some restrictions. This will only be available to singles who make $150K or less and for couples who make $300K or less. I have also heard (not sure on this detail) that it will only apply to undergraduate student loans which may cause some uproar.

 


Figure 2: This is a photo of a black women with long braids wearing a yellow shirt. She is typing a message on her phone that starts with “Dear Student Loans.."


Many folks were hoping that more than $10K of their student loan debt would be forgiven. Would $10K make a difference in your student loan balance? As you know I paid off my student loans in January 2022 and I must say it feels great to not be affected by this. If you are wondering how you can do the same head over to my YouTube channel for my FREE 8 Steps to Get Rid of Student Loan Debt listed in the comments! You can do it too!



Figure 3: This is a photo of a graduation hat that says “Cancel my Student Debt” that is on top of a pink stick figure.

 



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