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Biden's student loan forgiveness plan: Everything we know so far

Posted on AllSides May 5th, 2022
From The Right

President Biden has floated the possibility of erasing some student loan debt for millions of Americans, reviving a campaign promise as he faces mounting pressure from progressives as well as declining approval ratings.

Biden floated the possibility last week of eliminating $10,000 in debt per borrower, likely through executive action. So far, the president has repeatedly extended a moratorium on federal student loan payments, a pause that was first put in place under former President Donald Trump as part of a broader COVID-19 relief measure.

"I am considering dealing with some debt reduction," Biden...

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