Biden to Forgive Up to $20,000 in Student Debt

The video discusses President Biden's potential extension of student loan repayments for four more months, marking the seventh extension. It highlights the internal debates within the administration and the pressure from different political factions regarding the amount of loan forgiveness, with considerations for $10,000 or $20,000 for Pell Grant recipients. The video also explains the significance of Pell Grants and the impact of COVID-19 on loan repayment policies.

What is the duration of the student loan repayment extension proposed by President Biden?

• Two months

• Eight months

• Four months

• Six months

What is the main reason for the delay in the announcement of the student loan forgiveness plan?

• Technical issues

• Lack of public interest

• Internal debates within the administration

• Opposition from other countries

Which U.S. President initiated the pause on student loan repayments during the COVID-19 pandemic?

• President Trump

• President Obama

• President Biden

• President Bush

What is the expected amount of loan forgiveness for Pell Grant recipients?

• $20,000

• $15,000

• $10,000

• $5,000

What is the purpose of Pell Grants in the United States?

• To fund military education

• To support low-income students in accessing higher education

• To provide scholarships for international students

• To finance sports programs in colleges