WASHINGTON — President Biden could decide later this summer whether to partially forgive student-loan loans for millions of borrowers, according to administration officials and others familiar with the matter, more than a month after the president. previously said that he will weigh in on the issue over the next few weeks.
Officials said Mr Biden is likely to announce his plans in July or August, when the pandemic-related pause in federal student loan payments is about to end, as the president and his senior advisers continue to weigh the political and economic fallout. Huh. of any such move. The Biden administration earlier this year extended the moratorium, which was in effect from March 2020 to September 1.