Biden will waive loans of student

Biden has announced a $10K to $20K waiver for students.

On Wednesday, Biden announced the waiver of Pell Grant recipients.

Individuals earning less than $125,000 annually or heads of households earning less than $250,000.

Students with such individuals or families will be waived loans up to $10,000.

Students who receive Pell grants will be forgiven up to $20,000.

In such a situation, the loan of about 8 million users can be waived.

Information about the income of all the students is already available with the Education Department.

Biden has also stopped payment to students till December 31.