The forgiveness of a significant chunk of the nation’s student loan debt has seemingly been just around the corner since Joe Biden’s election victory in November.

Four months into his term, the pressure remains on Biden to follow through on a campaign promise to forgive $10,000 in federal student loans for every borrower.

Meanwhile, an answer to a bigger question could come as early as next week: whether the president has the power to wipe out five times as much student debt. That would give millions of Americans a much smaller overall debt load.

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