© 2022 Kansas City Public Radio
NPR in Kansas City
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

President Biden forgives $10,000 in student loans and $20,000 for Pell Grant recipients

Ways To Subscribe
Democratic presidential candidate Joe Biden speaks during a campaign rally in Philadelphia Saturday.
Drew Angerer
/
Getty Images
President Joe Biden on Wednesday announced sweeping student loan forgiveness, which will affect over 40 million Americans.

President Joe Biden took a major step on Wednesday by canceling $10,000 in student loans for borrowers making less than $125,000 per year, and $20,000 in student loans for Pell Grant recipients.

With the announcement, 43 million borrowers have had their student loan debt substantially lowered, while 20 million Americans will have their student loans completely paid off.

UMKC assistant sociology professor Joseph Workman, who specializes in equity in education, joined KCUR's Up To Date to break down the potential ramifications of the president's decision.

Stay Connected
When I host Up To Date each morning at 9 a.m., my aim is to engage the community in conversations about the Kansas City area’s challenges, hopes and opportunities. I try to ask the questions that listeners want answered about the day’s most pressing issues and provide a place for residents to engage directly with newsmakers. My email is steve@kcur.org.
As Up To Date’s associate producer, I construct daily conversations that give our listeners context to the issues of our time. I strive to provide a platform that holds those in power accountable, while also spotlighting the voices of Kansas City’s creatives and visionaries that may otherwise go unheard. Email me at zach@kcur.org.
KCUR serves the Kansas City region with breaking news and powerful storytelling.
Your donation helps make nonprofit journalism available for everyone.