BATON ROUGE, La. (BRPROUD) – Louisiana Congressman Troy Carter is celebrating the move by President Biden to forgive student loan debt for some Americans.

On Wednesday, the Biden administration said borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness. For recipients of Pell Grants, which are reserved for undergraduates with the most significant financial need, the federal government would cancel up to an additional $10,000 in federal loan debt.

Carter says President Biden is standing with working Americans with his decision to forgive some student loan debt.

“America regularly forgives the debt of businesses, industries, and even small countries. Today, President Biden stood with working Americans and communities of color to forgive up to $20,000 of federal student loan debt and extend to the payment pause for four more months. “Along with helping Americans struggling with higher costs pay their bills, President Biden’s bold actions today will bring long-needed relief to student loan borrowers and allow them to seek more opportunities in the future” said Carter.

Carter is still calling on Congress to take what President Biden did today a step farther by passing his Student Loan Relief Act of 2021 bill.