President Biden confirmed he will decide wide-scale student loan cancellation by August

After Biden arrived on Air Force One at Joint Base Andrews on Wednesday, Biden affirmed his commitment to announce a decision on wide-scale student loan cancellation

Biden’s four-word answer extinguishes speculation about when the president would announce his decision on student loan forgiveness

In the coming weeks, Biden has three major decisions on student loans — and three important deadlines

That phrase most likely refers to the possibility of Biden canceling student loans for millions of student loan borrowers

Previously, Biden noted he would announce a decision before the scheduled end of the student loan payment pause

While student loan borrowers have been waiting anxiously for Biden’s decision, Biden may decide not to cancel student loans due to economic uncertainty or high inflation, for example

Biden hasn’t indicated that he will extend the student loan payment pause