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Why The Fight To Cancel Student Debt Keeps Stalling

Why The Fight To Cancel Student Debt Keeps Stalling

Newsy
Thursday, January 13, 2022 02:20:21 PM UTC

Until May, it's unclear if the executive branch will step in to forgive some debt, and the debate over how much should be wiped will continue.

The pause on student loan payments that began in March 2020 has been extended to May 1 of this year.

With that extension, there's been a lot of discussion about what the President can or can't do about student loans.  

It’s clear student loan payments can be a massive burden on households, and loans might never get fully paid off — especially with steep interest rates that keep monthly costs rising.  

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