Just ahead of a 31 August deadline Joe Biden ‘s government has announced that a decision and a formal one is expected on the idea of forgiveness within days. The announcement comes after months of wrangling; extending already present pauses, and political back and forth over the matter. Nobody in America has been required to make a student loan payment since March 2020.
More than 45 million whopping Americans together hold about $1.7 trillion in federal student loan debt. That’s an average of $37,777 per borrower.