Almost six weeks after President Joe Biden promised to decide on the issue of broad-based forgiveness of federal student loans, the administration is continuing to work on it, a top U.S. Education Department official said.
The Biden administration is continuing to work on getting to a decision on the issue of broad-based forgiveness of federal student loans, a top U.S. Education Department official said Monday.
President Joe Biden made headlines on April 28 by saying he’ll roll out a plan for canceling loans “in the next couple of weeks” — and that he’ll aim to forgive less than $50,000 in debt per borrower. It has now been nearly six weeks since that pledge. Republican lawmakers have expressed opposition to forgiveness for student loans, with Sen. Mitt Romney of Utah tweeting that it’s a “bribe” by Democrats as they face “desperate” polling ahead of November’s midterm elections.
The White House said in April that it will extend a pause for federal student-loan repayments again before Aug. 31 or finalize a plan by then on canceling student debt.
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