Latest News on Biden's Student Loan Cancellation Policy
News outlets like Yahoo, Washington Post, and Forbes are skeptical about the possibility of blanket student loan forgiveness.
- Yahoo believes that Biden is backing away more and more from his initial promise to cancel $10,000 in student loans.
- Forbes believes that Biden would rather that Congress pass legislation for loan forgiveness instead of doing it unilaterally himself.
- According to the Washington Post, the president will not include student loan cancellation into his annual budget.
Our prediction is that the president will try to pass legislation and create new loan forgiveness programs instead of blanket forgiveness of all student loans.
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