While the president has not announced a decision on any debt forgiveness, he and several other officials have hinted that he could soon act to cancel some debt.
. Federal student loan payments have been paused since the start of the COVID-19 pandemic in 2020, and the federal student loan moratorium is currently set to expire on August 31 this year.
Biden met on April 25 with members of the Congressional Hispanic Caucus and signaled during the visit that he would be open to relieving some debt for borrowers who attended private or public institutions, California Democratic Representative Tony Cardenas toldCardenas said that when he asked Biden about extending the current pause on federal student loan repayments, the president noted that he has extended the moratorium in the past and said,"When Cardenas asked him about forgiving...