Student Loan Forgiveness: Details of the Biden Administration's Controversy
Image Sourse : Google
The White House is still debating the details of the student loan cancellation legislation, and it's not yet clear how far President Joe Biden might go.
Image Sourse : Google
Here's what you should know and what it means for your student loans.
Image Sourse : Google
According to the Washington Post, the White House has not decided on the details of a comprehensive student loan forgiveness program.
Image Sourse : Google
According to some reports, student loan relief could be available as soon as tomorrow.
Image Sourse : Google
Biden's statement about the possibility of comprehensive student loan relief could come before borrowers are expected to start refinancing federal student loans.
Image Sourse : Google
Payments on September 1, 2022, because there are only a few days left until the end of the student loan payment moratorium.
Image Sourse : Google
For more than 40 million student loan borrowers, Biden is debating whether to pursue comprehensive student loan forgiveness.
Image Sourse : Google
As the Washington Post notes, the Biden administration is carefully considering whether to cancel all student loans for several reasons.
Image Sourse : Google
The Biden administration doesn't want the public to believe that broad student loan forgiveness will boost inflation, which has hit a 40-year high.
Image Sourse : Google
However, Democrat Larry Summers, a former US Treasury secretary, has warned that widespread student loan forgiveness could increase inflation.