Recently, the President of United States, Joe Biden, revealed that his administration would forgive student loan debt for a lot of borrowers and would extend the pause on student loan repayments till December 31.
While making the announcement, Biden said his administration would forgive $20,000 in student loan debt for debtors who went to college on Pell Grants, and would forgive $10,000 for those who did not get Pell Grants.
