Student Loan Forgiveness Still Alive

Student Loan Forgiveness Still Alive

Here's what you need to know. U. S. Secretary of Education Miguel Cardona confirmed yesterday that the possibility of wide-scale student loan forgiveness — the notion of student loan cancellation for most or all student loan borrowers — may be alive and well. After announcing major changes this month to public service student loan forgiveness, Cardona spoke publicly on the Biden's administration's next steps regarding student loan forgiveness. (Do you qualify for $4. 5 billion of student loan forgiveness?). In a town hall event Wednesday, Cardona said that "conversations are ongoing" regarding student loan forgiveness. "We're going to continue conversations around loan forgiveness — broad loan forgiveness," Cardona said, according to CNBC. "Our conversations are ongoing with the Department of Justice and the White House on those issues. We are also wanting to make sure that we're doing not only the broad support for borrowers but also stopping the bleeding." Cardona added: "But we also have a Build Back Better Agenda that provides community college for all. If passed, and I'm really hopeful, we can correct some of the issues that have happened in the past, so that we don't have people swimming in debt and we can stop the