CNN CNN Newsroom With Ana Cabrera July 7, 2024
intense debates inside the white house, tons of pressure from groups. there's three key elements here. the details are very important. there are income caps to actually qualify for this loan cancellation. if you are an individual who makes under $125,000 a year or a family that makes under $250,000 a year and you have federal loans, the president is going to basically sign the ability to cancel $10,000 of those loans. there's another element that's important. $20,000 could be canceled for any pell grant recipients with federal loans. that's incredibly important as the administration ...