3 Things Biden’s Student Loan Cancellation Means For Your Student Loans
3. Biden is committed to student loan relief
Even if student loan borrowers are frustrated about the lack of upfront, wide-scale student loan cancellation, Biden has been committed to student loan relief. . In addition to more than $9 billion of student loan cancellation, Biden has extended student loan relief from the Cares Act twice, resulting in temporary student loan forbearance with no new interest accrual for student loan borrowers for an additional year.
Make sure you understand all your options for student loan relief. Upfront student loan cancellation likely won’t be available for everyone, so make sure you have a game plan for student loan repayment. If you have student loans, here are some popular options to save money: