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Watch How Biden Plans to Tackle the $1.6 Trillion Student Loan Debt News Video

Watch How Biden Plans to Tackle the $1.6 Trillion Student Loan Debt News Video

“Biden has repeatedly indicated that he intends to use executive authority to quickly enact key policy initiatives, and student loan relief is likely to be among those early actions.

“Last Friday, his transition team confirmed that as one of his first acts in office, Biden will direct the Department of Education to extend the existing moratorium on student loan payments, interest, and collections, although no further details were provided.

“This could happen on his first day in office.

“Enacting additional student loan relief via executive action will take more time, however.

“For example, Biden has indicated his support for rolling back strict new regulations governing the Borrower Defense to Repayment program that were enacted by outgoing Education Secretary Betsy DeVos.

“Biden is likely to start pushing for new regulations easing access to this program and broadening relief for borrowers defrauded by their schools.”

Read more at Forbes

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