Biden's reported student debt forgiveness plan 'won't do anything,' NAACP says

President Biden
(Image credit: Chip Somodevilla/Getty Images)

President Biden is planning to cancel $10,000 in student debt per borrower, a new report says.

According to The Washington Post, Biden hoped to announce this student loan plan as soon as this weekend in a speech at the University of Delaware but delayed it due to the recent shooting in Texas. The plan reportedly involves limiting debt forgiveness to those who made less than $150,000 the previous year, or $300,000 for married couples.

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Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.