Why Student Loan Forgiveness Has Been Delayed By Joe Biden
Here’s what you need to know —
and what it means for your student loans
Biden hasn’t decided whether to cancel student loans
Biden has decided to cancel student loans, but he delayed the decision
Biden doesn’t have the legal authority to cancel student loans but is trying to find a solution
Democrats want Biden to cancel $50,000 of student loans, so Biden is reconsidering student loan forgiveness
Biden decided not to cancel student loans and will focus on other ways to provide student loan relief
Biden could have decided not to cancel student loans and instead will focus on other ways to provide student loan relief.
Biden could continue to provide targeted student loan forgiveness through existing federal programs.
Biden also has extended temporary student loan relief four times through August 31, 2022, which has helped more than 40 million student loan borrowers.