Biden White House to announce a $10,000 student loan cancellation.

According to three persons familiar with the plan, President Joe Biden

is scheduled to make his long-delayed announcement on Wednesday

regarding his decision to cancel up to $10,000 in federal student loans

for many Americans and to postpone payments until January.

Liberals have put pressure on Biden to extend more comprehensive 

assistance to hard-hit borrowers,

while moderates and Republicans have questioned the

fairness of any generalized forgiveness.