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Administration officials say the president elect still supports the move.
Stimulus bill loan forgiveness. Biden will extend the payment pause for student loan borrowers and ask congress to cancel 10 000 of the debt per borrower an aide told reporters friday. The heroes act which is a stimulus bill that house democrats passed last year would have cancelled 10 000 of student loan. Biden s stimulus plan doesn t mention student loan forgiveness.
Third stimulus relief bill. However one thing missing is student loan forgiveness. Congress dropped student loan forgiveness from the stimulus package.
So congress potentially could cancel student loans in the new stimulus bill or pass standalone legislation.
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