The White House could cancel $10,000 for all borrowers who earn less than $150,000 per year, CNBC reports. Other experts say an extension of the student loan payment pause is more likely.
in April."Right now, we have August 31. And as you've seen in the past, we've been comfortable moving that date if needed."
Nearly all borrowers have stopped making their payments since the pause began in March 2020 — and it's saved borrowers about $1.5 billion in interest payments each month, according to anWhile some politicians and economists have applauded the Biden administration's potential plan as a key step toward addressing the $1.7 trillion student debt crisis, others on Capitol Hill have expressed strong opposition to wide-scale student loan forgiveness.Senate Majority Leader Chuck Schumer, D-N.Y.
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