White House officials weigh income limits for student loan forgiveness

The White House is considering income caps for eligibility for student loan relief that would exclude higher-earning Americans, as President Biden nears a decision on the matter, according to three people aware of administration discussions.

The administration is considering various ways to forgive some student loan debt through executive action. In recent weeks, senior Biden aides have examined limiting the relief to people who earned less than either $125,000 or $150,000 as individual filers the previous year, the people said. That plan would set the threshold at around $250,000 or $300,000 for couples who file their taxes jointly, the people said. No final decisions have been made, and the people familiar with the matter stressed that planning was fluid and subject to change.