President Joe Biden’s student debt forgiveness plan

President Joe Biden’s student debt forgiveness plan

President Joe Biden’s student debt forgiveness plan

The Department of Education now has a plan to forgive up to $10,000 of student debt for those making less than $125,000 or couples making less than $250,000. In addition, borrowers who received Pell Grants to pay for college may be eligible for up to $20,000 forgiven. Chief White House correspondent Nancy Cordes reports from Washington.