From Inside Higher Ed: A final decision on whether the Biden administration will forgive some student loan debt will likely not come until July or August, administration officials told The Wall Street Journal. The president said in late April that he would be making a decision in “the next couple of weeks.” Since then, the administration has not made any formal announcement on widespread debt relief. On Monday, James Kvaal, under secretary of education, said at an event held by the Bipartisan Policy Center that the administration is still considering how much student debt to cancel and who will be eligible under the debt forgiveness proposal. Kvaal also said that he had no news on whether there would be another pause on debt repayments.
White House officials say Biden is considering forgiving around $10,000 in student debt per borrower for all borrowers making under $150,000 a year, a figure that many advocates for debt relief say is far too low to address the scope of the debt crisis. Pushback to this news included a letter signed by over 500 labor and civil rights organization calling for Biden to cancel student loan debt immediately...
Full story at https://www.insidehighered.com/news/2022/06/08/debt-cancellation-expected-late-summer.
No comments:
Post a Comment