The Biden Administration is expected to announce a plan that will cancel thousands of dollars in student loan debt, and extend the ongoing federal student loan payment pause for several more months.
To date, Biden has canceled about $32 billion in debt, Fortune reports. About 45 million people hold $1.
7 trillion in student loan debt, according toStudent loan repayments, meanwhile, have been delayed a half-dozen times since the start of the pandemic under the Biden and Trump administrations. The current delay is set to expire at the end of this month.
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