Big news from the United States for those who have student loans.

It seems probable, based upon yesterday's announcement by President Biden.

It seems probable that if you have student loans, federal student loans, and if you earn

under $125,000 per year, that some portion up to 10 or in some cases $20,000 of your loans

will be reduced, forgiven, canceled by the federal government.

Welcome to Radical Personal Finance, which I've dedicated providing you with the knowledge

skills, insights, and encouragement you need to leverage and meaningful life now.

While building a plan for financial freedom in 10 years or less, my name is Joshua Sheets,

and today we're going to talk about this student loan news.

First, I want to go over what it actually means, a fact sheet of what's actually happening,

what the government says it's going to do, what are the rules for qualifying.

We'll talk a little bit about planning ideas.

Are there some financial planning ideas that you can implement or things that you can do

to make sure that you get the most government money that you can?

And then number three, we'll talk about general response and reaction to this.

What does this mean in terms of a social context, a political context?

What does this mean for people who have paid off their loans, et cetera?

So let's begin by reading the fact sheet published at Whitehouse.gov.

Fact sheet, President Biden announces student loan relief for borrowers who need it most.

A three-part plan delivers on President Biden's promise to cancel $10,000 of student debt

for low to middle income borrowers.

President Biden believes that a post-high school education should be a ticket to a middle-class

...