According to new reports President Biden is reportedly seriously considering taking executive action to forgive a significant amount of federally backed student loan debt held by millions of Americans.

The Details: Biden reportedly confirmed he was considering the action during a meeting with the Congressional Hispanic Caucus on Monday.


Biden reportedly did not give specific details but responded positively when the figure $10,000 was mentioned.

Biden also confirmed that he was open to extending the current pause on student loan payments past August 31st.

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