The reason President Biden might not be able to cancel student debt after all ...Middle East

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The reason President Biden might not be able to cancel student debt after all
source : The Hill ( Middle East ) () 5
The can-kicking on student loan forgiveness is about to end. With the current repayment pause set to expire in August, and no obvious rationalization for yet another extension, the Biden administration knows it must act soon. Forcing millions of borrowers into repayment on the eve of midterm elections that experts are predicting could be brutal for Democrats would be political catastrophe. Even U.S. Department of Education Secretary Miguel Cardona finally admitted several weeks ago that borrowers will eventually have to start repaying their outstanding loan debts. The dollar cost of forgiveness is not cheap. Some estimates put it at more than $320 billion. That would dwarf other well-kno

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