President Joe Biden announced Thursday he’s considering using presidential authority to cancel at least some student loan debt. But, he emphasized, that he intends to allow less than $50,000 in forgiveness. The announcement is in line with the president's promise on the 2020 campaign trail: to cancel at least $10,000 of each American borrower's debt. Some progressive lawmakers have urged the president to waive up to $50,000 in debt per borrower. Here’s a brief rundown of what $10,000 could represent to students pursuing higher education. For the full report, click the link in our bio. 📸: Evan Vucci, AP