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Here's who could benefit if Biden cancels $10,000 in student loan debt per borrower

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Here's a look at some of the people who will benefit, and some who won't benefit, from President Biden's new plan to cancel some student loan debt.

Washington President Joe Biden is taking a"hard look" at canceling some federal student loan debt, but even a broad forgiveness plan may leave out some of the 43 million borrowers.

The President is planning to announce his decision on Wednesday, CNN has learned. Biden has indicated that if he does take action to provide more student loan debt forgiveness, he may limit the relief to $10,000 per person, as well as exclude wealthier borrowers. His administration has already canceled nearly $32 billion of the $1.

 

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