POTUS

HipHopWired Featured Video Source: Bill Clark / Getty As President Joe Biden is set to make a major announcement about reducing the amount of student loan debt for those struggling, the NAACP has firmly and publicly stated that it’s not enough to help Black borrowers. According to reports, President Biden is poised to announce a new plan to forgive up to $10,000 of student loan debt for those borrowers who earn below a certain level of income and to extend the current pause on repayments until January 2023. Some outlets have pointed to the White House making an official announcement on Wednesday (August 24th). The move would immediately impact 45 million Americans or one-third of all current borrowers. The news of this proposal, which sources say is still being finalized, was met with swif...