Student loans: Biden administration leaning toward canceling some loan debt, sources say

The current student loans pause is set to expire soon.

The current pause on payment of federal student loans is set to expire soon, but President Joe Biden could cancel some loan debt.The Biden administration is leaning toward canceling up to $10,000 in student loan debt for every borrower, but may tie the relief to an income threshold, sources told.

The current pause on payment of federal student loans is set to expire soon, but President Joe Biden could cancel some loan debt.The Biden administration is leaning toward canceling up to $10,000 in student loan debt for every borrower, but may tie the relief to an income threshold, sources told

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