Whenever Chairman-decide Joe Biden are requested whether education loan cancellation figured to the his financial healing package, he declared, “It needs to be over immediately.”
“[Scholar loans try] carrying some one up,” Biden told you with the . “They might be within the real difficulties. They have been needing to generate choices between spending the student loan and make payment on lease.”
12 months later on, if you are Biden has provided hundreds of thousands of borrowers in financial trouble relief, you to definitely $10,100000 guarantee remains unfulfilled. Here’s a peek at as to why – and you may exactly what they have done.
Biden has actually worried about preexisting forgiveness programs
The new Biden administration’s method to student loan relief began that have improving, extending otherwise growing a small number of apps that have been currently on brand new instructions.