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Senior officials of the incoming biden administration say.
Student loan forgiveness next stimulus. Third stimulus relief bill. Biden s stimulus plan doesn t mention student 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 new stimulus bill signed by president donald trump on sunday did not extend student loan relief. House democrats had previously passed stimulus legislation in may providing for an extension of the current moratorium on student loan payments to september 2021 as well as 10 000 in student. Student loan forgiveness is also in question.
Joe biden plans to continue the pause on federal student loan payments and accumulating interest but ask congress to pass student loan forgiveness. Following his inauguration ceremony new us president joe biden was quickly back at work and millions of students past and. Will there be student loan forgiveness.
Republicans proposed 25 billion of student loan forgiveness in their latest stimulus proposal to speaker of the house nancy pelosi d ca.
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