Biden Expected To Take Steps Toward Student Loan Forgiveness

The video discusses President Biden's potential move towards forgiving student debt, with private conversations indicating possible executive actions. Publicly, the White House prefers legislative solutions. The administration has extended the pause on federal student loan repayments and is focusing on targeted forgiveness programs, such as the Public Service Loan Forgiveness and relief for students from predatory for-profit colleges. The total student debt is over $1.7 trillion, highlighting its massive economic impact.

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