If Biden student loan forgiveness doesn't happen, do these 3 things:
If you don’t get your student loans cancelled from President Joe Biden, do these 3 things instead.forgiven nearly $10 billion of student loans
since becoming president, which has helped cancel student loans for hundreds of thousands of student loan borrowers. If your student loans have been cancelled, you’re among a cadre of student loan borrowers who has escaped the shackles of student loan debt. . For most student loan borrowers, however, wide-scale student loan forgiveness likely won’t become reality. If Biden or Congress doesn’t cancel your student loan debt, the good news is you have other options.
. The Biden administration previously extended this student loan relief from the Cares Act twice for one year. As a result, starting February 1, 2022, temporary student loan forbearance will end and regular student loan payments will resume. That said, if you have an economic hardship, you can still get forbearance or deferment for your federal student loans. It’s important, however, to understand the difference between student loan forbearance and student loan deferment.
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