President Biden to unveil details of Student Loan Debt Plan

President Biden is expected to announce today details of a program to cancel up to $10,000 in student loans for millions of Americans who earn no more than $125,000 a year. For Pell grant recipients, the waiver will reach $20,000.

The government administration will also halt student loan payments forfeited next week through December 31. The plan will be worth between $300 billion and $980 billion over the next 10 years, analysts predict. The project is expected to particularly benefit those entering the top 60% of American earners, Penn Wharton reported.

There is an ongoing battle in the media over the program's impact on inflation in the U.S.

Biden is expected to give a speech with further details this afternoon (USA). Source: White House

6 November 2026, 7:12 PM

Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall

6 November 2026, 1:31 PM

BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge

6 November 2026, 12:10 PM

EURUSD loses ground ahead of NFP

5 November 2026, 12:00 PM

BREAKING: BoE raises interest rates by 25pbs to 4%⏰

Economic reports

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