The White House said no final determination has been made about the matter. Biden said he would come to a decision on student debt in the “next couple of weeks” on April 28, nearly a month ago. Advertisement“No decisions have been made yet,” Vedant Petal, a White House spokesman, said in a statement Thursday. Relying on tax data could also exclude millions of lower-income Americans who do not file taxes but do owe student loans. Defaults and delinquencies on student loans were concentrated among borrowers with less than $10,000 in debt before the pause of federal student loan payments, according to the Federal Reserve.

Source: Washington Post May 28, 2022 01:08 UTC