Biden has promised to extend the pause on student-loan payments during his first day in office. Here are other steps the new administration could take for student-debt relief.

Posted January 14, 2021 BusinessMediaguide.Com

Summary List Placement

President-elect Joe Biden plans to prioritize federal student loan debt forgiveness on the first day of his presidency, but questions still remain on the likelihood of carrying out his forgiveness plans.

Last week, Biden’s transition official David Kamin told reporters that Biden will direct the Department of Education on day one to extend the student loan forbearance program, which is the first direct promise the president-elect has made in combating the $1.6 trillion student debt crisis.

Kamin also said in the press call that Biden supports Congress canceling $10,000 of federal student loan debt per person — details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com