Student Loan Forgiveness: Biden Has 3 Major Decisions
President Joe Biden has 3 major decisions to make regarding your student loans.
In the coming weeks, you can expect Biden to make three major decisions that will directly impact your student loans:
– Student loan cancellation;
– Student loan payment pause; and
– Student loan forgiveness limited waiver
First, Biden is deciding whether to enact wide-scale student loan cancellation
for millions of student loan borrowers. Supporters say wide-scale student loan
cancellation is an overdue policy to give millions of people a fresh start on their financial life.
Opponents say it’s wealth redistribution to wealthy student loan borrowers at the expense of working Americans who didn’t attend college.