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Biden decision to pardon student loan unlikely until late summer, officials say

WASHINGTON – President Biden is likely to decide later this summer whether to partially forgive student loan debt to millions of borrowers, according to government officials and others familiar with the matter, after the president said more than a month ago that he would step down. the issue over the next two weeks.

Officials say Biden is likely to announce his plans in July or August, closer to the end of the pandemic-related federal student loan moratorium, as the president and his top advisers continue to weigh policies. and financial implications of any such move. The Biden government earlier this year extended the moratorium, which runs from March 2020 until September 1.

Biden decision to pardon student loan unlikely until late summer, officials say

Source link Biden decision to pardon student loan unlikely until late summer, officials say

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