There's a big announcement expected from the White House on Wednesday. As the Aug. 31 deadline looms on the student loan payment pause, President Joe Biden is expected to cancel some student debt. According to multiple reports, $10,000 in federal loans will be forgiven per borrower for those who make less than $125,000 a year, and the payment pause may be extended. https://www.kare11.com/article/news/education/what-president-bidens-decision-on-student-loans-means-for-your-family/89-df4dfa9c-84f1-4854-bbdf-3efd46b2abed Welcome to the official YouTube channel of KARE 11 News. Subscribe to our channel for compelling and dramatic storytelling, award winning investigations, breaking news and information you can use. » Subscribe to KARE 11 on YouTube: https://www.youtube.com/subscription_... » Watch more KARE 11 video: https://www.youtube.com/user/KARE11/v... » Visit KARE11.com: http://www.kare11.com/ » Download our app! https://www.kare11.com/appredirect/ » Find KARE 11 on Facebook: https://www.facebook.com/KARE11/ » Follow KARE 11 on Twitter: https://twitter.com/kare11 » Follow KARE 11 on Instagram: https://www.instagram.com/kare11/