President Biden’s Federal Student Loan Policy: What to Know

When President Joe Biden officially entered the White House, one of his most anticipated initiatives surrounded student loan forgiveness. On the campaign trail, he made promising statements about college debt and pledged to forgive a minimum $10,000 of federal student loans per person . And so far, Biden has cancelled more than $11 billion in student loan debt for select groups. However, his universal forgiveness policy has not happened, and a majority of borrowers are still affected by the weight of college debt. Due to the financial strain of the pandemic, payments have been in forbearance since March 2020, meaning… Read Full Article