The White House is considering using income ceilings to exclude high-income people on its eligibility criteria for student loan relief. The Washington Post broke the news on Saturday. Officials are considering ways to write off student loans as President Biden has indicated he is considering debt relief, congressional lawmakers told several news agencies Wednesday. Biden’s top associates are looking at the upper limit of relief for individuals earning less than $ 125,000 to $ 150,000 or $ 250,000 to $ 300,000 for couples who file joint taxes, people familiar with the matter told the Washington Post. But they said no final decision had been made on the plans. “There are different proposals around the administration on how to structure this,” one man told the Washington Post. They added that the administration and the staff of the Congress have focused their discussion on “how to better respond to the president’s desire to ensure that the most financially vulnerable people with student debt benefit from any action.” The US government is discussing the amount that will be cut from the student loan debt, but that could be at least $ 10,000 for the beneficiaries, people who were informed about the issue told the Washington Post. The people added that the White House is also considering excluding relief for loans taken for professional degrees such as medicine and law, and could limit aid to undergraduate loans. Biden has taken a number of steps since taking office to help Americans owed $ 1.7 trillion in student loan debt. Biden said this week that he would make a decision on easing student loans in the coming weeks.
