Here's who could benefit if Biden cancels $10,000 in student loan debt per borrower
Washington (CNN) President Joe Biden is taking a "hard look" at canceling some federal student loan debt, but even a broad forgiveness plan may leave out some of the 43 million borrowers.
Biden has indicated that if he does take action to provide more student loan debt forgiveness, he may limit the relief to $10,000 per person, as well as exclude wealthier borrowers.
His administration has already canceled more than $17 billion of the $1.6 trillion in outstanding federal student debt by expanding existing forgiveness programs for public-sector workers and borrowers who were defrauded by for-profit colleges.
In addition, he's extended the pandemic-related pause on student loan payments four times, most recently moving the expiration date from May 1 to August 31.
But those actions fall short of a campaign pledge Biden made to more broadly cancel student debt.
He's also facing pressure to do more from other Democrats who are urging him to cancel $50,000 per borrower.
Here's what we know so far about who could benefit if the President takes steps to cancel more student loan debt: