43 million people face the burden of student loan debt.
By Brad Callas, Complex
Just a week after announcing plans to expand student loan forgiveness and income-based repayment programs, President Biden is reportedly exploring options to forgive most of the $1.6 trillion the country holds in federal student loan debt.
CBS News reports Biden discussed the issue during a meeting at the White House on Monday with members of the Congressional Hispanic Caucus. As of 2022, more than 43 million borrowers owe a collective $1.6 trillion in student loan debt, which ranks behind mortgages as the second-largest debt held by Americans.
BREAKING: President Biden is looking at different options to forgive most, if not all, federal student loan debt, per @CBSNews. The move could affect more than 43 million borrowers who hold more than $1.6 trillion in federal student loan debt.
— Brian Tyler Cohen (@briantylercohen) April 26, 2022
At the meeting on Monday, press secretary Jen Psaki revealed that the Biden Administration plans to make a decision about forgiving student loan debt between now and August. Federal student loan payments are currently paused through the end of August.
Recent Posts
WATCH: Google Fires Employees Involved In Protest Over Israeli Contract
April 18, 2024
Take Action Now The protesters have demanded that Google pull out of a $1.2 billion “Project Nimbus” contract. By Faizel Patel, The Citizen Tech…
Biden Is Still Working Hard To Block Palestinian Statehood
April 18, 2024
Take Action Now Despite Biden’s pledge to support a two-state solution, cables argue that Palestine should not be granted U.N. member status. by…
Bankers Salivate Over Lockheed Stock As Iran-Israel Conflict Looms
April 18, 2024
Take Action Now The American company has played an outsized role in Tel Aviv’s bombing and invasion of Gaza since Oct. 7. by Nick…
Fossil Fuel Hucksters Infiltrated A Civil Rights Convention
April 17, 2024
Take Action Now Al Sharpton invited methane representatives to his National Action Network convention, where they fear-mongered attendees about…