, citing multiple sources, reported that Biden is expected to extend the pause on student loan debt payments while forgiving loans up to $10,000 for borrowers with yearly incomes of less than $125,000. That likely won't be enough to satisfy advocates for slashing student debt, which totals more than $1.7 trillion in the United States. It will also tick off Republicans and some people who don't have any outstanding student debt.
found that nearly 60% of respondents think student debt forgiveness would fuel already-high inflation.Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022., but a surprising sector of the market showed signs of a comeback. Applications for government-backed loans with lower down payments rose 4% last week.
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