 Student Loan Forgiveness: Loan cancellation is confirmed by Biden

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

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

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

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

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

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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

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

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