President Joe Biden cancel debt for Americans

new date for the resumption of payments on the $1.7 trillion in federal student loans in the United States.

A plan to forgive debt for some Americans was unveiled by President Joe Biden on Wednesday.

A strategy to give breathing room to working and middle class families has been announced by the administration.

They get ready to start making federal student loan payments again in January 2023.

Those who get Pell Grants may be eligible for up to $20,000 in debt forgiveness as part of Wednesday's larger programme.

For those who make less than $125,000 annually, there are two choices for forgiveness.

For those whose household income is under $250 000, there are two alternatives for forgiveness.

In the Roosevelt Room, Biden will speak on Wednesday at 2:15 p.m.