Pressure Builds on Biden Ahead of Student Loan Cliff

"President Biden is facing an avalanche of pressure over his administration’s plans to require millions of Americans to resume student loan payments in the coming weeks," The Hill reports.

..."In the first year of Biden’s presidency, his office has touted its approval of “more than $11.5 billion in loan cancellation for over 580,000 borrowers.” But that forgiveness extends only to certain cases, including borrowers with total and permanent disabilities, those who attended now-defunct schools or public service workers.

Many have cheered the actions made by the administration so far.

'Is it as big as forgiving $10,000 of debt for everybody? Or forgiving outright $1.6 trillion? No. But in a normal year, I think these would be really big steps forward,' Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators (NASFAA), told The Hill on Thursday."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 12/17/2021

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