Will your student loans get cancelled?
With public service student loan forgiveness, Biden didn’t choose wide-scale student loan forgiveness. This means that Biden didn’t decide to cancel student loans for every public servant. Rather, Biden, in concert with the U.S. Department of Education, changed the rules of the public service loan forgiveness program to help more student loan borrowers to get student loan forgiveness.
To break this apparent stalemate, in March, Biden asked the U.S. Department of Education to issue a non-binding legal opinion on the president’s legal authority to cancel student loan debt. The Trump administration determined in a non-binding legal opinion that only Congress, not the president, has the legal authority to cancel student loans on a wide-scale basis. .
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