SLM - Is student loan forgiveness on the table after moratorium extension?
In the wake of the Omicron variant spreading rapidly across the globe, the White House is extending the pause on federal student loan repayments by an additional 90 days until May 1, 2022. "We know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments," President Biden said in a statement, despite the unemployment falling to 4.2%. It's even less among college graduates with a bachelor's degree, with the rate tumbling to 2.9% in November. Backdrop: The moratorium began in March 2020, when former President Trump signed the CARES Act into law, pausing payments through September 2020 and eliminating interest rates for the about 42M borrowers. Trump later took executive action to extend the deferral period through January 2021, while Biden signed another order when he came into office, continuing it through Sept. 30 and then eventually
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Is student loan forgiveness on the table after moratorium extension?