Last week White House Chief of Staff Ron Klain stated that another pause to the payments could be in the cards and that an across-the-board cancellation of the loans remains on the table.
Student loan debt remains a major issue for many Americans. It is estimated that Americans collectively hold $1.7 trillion in student loan debt, and many people were struggling to meet their loan repayment obligations even before the pandemic hit.
A growing number of colleges and universities have announced in recent weeks that they would be forgiving student loan debt for their graduates using funds from President Biden’s recent stimulus bill.
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