Biden Exploring More Student Loan Forgiveness, But Not Necessarily Wide-Scale Student Loan Cancellation

Biden Exploring More Student Loan Forgiveness, But Not Necessarily Wide-Scale Student Loan Cancellation

President Joe Biden is exploring extra student loan forgiveness, however not essentially wide-scale student loan cancellation.

Here’s what you could know.

Student Loans

U.S. Secretary of Education Miguel Cardona affirmed that the Biden administration is contemplating extra student loan forgiveness. As reported by CNBC, Cardona stated as we speak, in response to the final query throughout a wide-ranging interview, in response to a query on the president utilizing govt authority for student loan forgiveness and student loan debt cancellation, that:

“We recognize that student debt is holding people back,” Cardona stated. “And unfortunately, there are many who are in major debt that weren’t even able to finish their degree, who do not have the means to remove that debt. So we’re focused and it’s a priority for me, and for President Biden to make sure that part of the conversation is examining loan forgiveness. Those conversations are continuing.”


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