Biden nears decision on student loan cancellation, moratorium extension

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Biden nears decision on student loan cancellation, moratorium extension
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The president is expected to cancel $10,000 per borrower making $125,000 a year or less. (via NBC News)

payment pauseAlthough Biden had previously said he would make an announcement on student debt cancellation by the end of the month, the White House has insisted that no final decision had been made yet.

It is not clear whether there will be additional criteria for qualifying for student loan forgiveness. Although Biden is expected to follow through on his key campaign promise to address student debt, the move falls short of the $50,000 in cancellation that some Democrats have called for.

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