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The Biden administration’s announced plan to cancel student loan debt for millions of Americans caused a stir this week, but what do students think?
ABC News hit the road to the University of North Carolina at Chapel Hill (UNC) to hear what students had to say about President Joe Biden’s announcement on forgiving student loan debt.
Biden on Wednesday said his administration would forgive tens of thousands of dollars for individuals earning less than $125,000 a year. Students at UNC offered different thoughts on the president’s latest action.
Elizabeth Johnson, a student at UNC, said that she supports Biden forgiving student loans.
«People are paying a lot of money, and the loans aren’t really changing, because interest rates are so steep and so, this forgiveness just kind of helps negate some of that,» Johnson said.
People who took out Pell Grants to pay for college, which are grants given to low-income borrowers, can qualify for up to $20,000 in debt forgiveness as part of Wednesday’s broader announcement on student loan forgiveness.
