Student Loans Still Not Cancelled, But Loan Repayment Pause Will Extend, Biden Says
The freeze saves 41 million borrowers about $5 billion a month, the Education Department has said previously.
Department of Education Forgives Loans of 18,000 ITT Students
This follows the $330 million in private student-loan forgiveness for students at the ITT Technical Institute last September.
Elizabeth Warren Introduces Bill To Cancel Student Debt For Millions Of People
Warren proposes to pay for the student debt relief with revenue from a proposed wealth tax, which would assess a 2% tax on wealth above $50 million.