The Biden administration has told student loan servicers not to send out bills ahead of the scheduled end date of the current payment pause, signaling that they may be preparing to extend the student loan payment pause again.
in a meeting with fellow lawmakers that he may soon be taking steps to cancel student debt. The administration said that it was exploring up to $10,000 of cancellation per borrower with an income cap of $125,000 a year, disappointing debt cancellation advocates andNow, months later, the administration hassilence on the issue of broad cancellation, despite continuous pressure from lawmakers and activists to announce a sweeping plan without an income cap.
Opponents of the income cap point to the Public Service Loan Forgiveness program, which has been plagued with major issues. The program, which
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