Biden administration put a pause on loan payment during the pandemic

It is expected that Biden administration is going to cancel student debt up to $10,000 for those who earn income is below $125,000 yearly

There are 36 million people in America reeling under student debt

Total American student debt has now reached $ 1.7 trillion

Those that wants student loans to be waived want the pandemic era pause to be extended for forever

Others say it will cause American taxpayer $300 billion

Those against the student debt waiver say that it will increase inflation that is already at its 40 year high

Student loan debt waiver $ 10,000 can certainly help people both mentally and financially specially those between the age of 35 to 48 years as there are lot of responsibilities in this age