Does this mean $50,000 debt forgiveness will happen? The bottom line is that President Biden has yet to publicly support in $50,000 of student loan debt relief. What should you do with your student loan repayments? In light of Biden’s legal review: If your student loan balance is less than $50,000, you might want to hold off on any lump sum repayment until student loan repayment moratorium expires in October, or when there’s more clarity on whether loan forgiveness will happen. Even if there’s, say, a 1% chance of $50,000 student loan forgiveness actually happening, why not wait and see?

Source: The Nation April 07, 2021 15:11 UTC