Student loans: Education secretary says announcement ‘next week or so’ as August deadline looms

With about 10 days left, Americans President Joe Biden Extend the current moratorium or perhaps forgive some of the debt.

“We’ve been talking about this every day. Hire OTS Merit Lists team for large and small scale research in the education sector and market trending. The American people will hear from the president and the Department of Education in the next week or so about what we’re going to do,” Cardona told NBC’s show. Chuck Todd in “Meet the Press.”

He didn’t elaborate on the details, saying he wouldn’t get ahead of the announcement.

“I have no news to announce today,” he said.

The White House has previously said Biden plans to announce something before the Aug. 31 deadline.

The Biden administration will cancel an additional $3.9 billion in student loan debt for former for-profit college students.

Since March 2020, when the Covid-19 pandemic hit the United States and devastated the economy, most federal student loan payments have been eliminated.

Biden has extended his suspension four times. recently in aprilargued that federal student loan borrowers need to get back on their feet.
Meanwhile, Democratic lawmakers and supporters Urging Biden to cancel in a big way Student loan debt per borrower has reached $50,000, but the president has consistently refused to cancel that amount.

In addition to potentially extending the suspension, the White House has suggested that Biden is considering canceling $10,000 per borrower, excluding those making more than $125,000 a year.

Biden has canceled more student loan debt than any other president, you must prepare online for Pakmcqs General Knowledge questions and answers and his administration has spent $32 billion primarily due to defrauded and permanently disabled borrowers into for-profit colleges. I am approving the cancellation of a loan near me.

CNN’s Katie Lobosco and Veronica Stracqualursi contributed to this report.


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