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Biden Weighing Student Loan Cancellation or Moratorium Extension

Joe Biden
Joe BidenPhotographer: Samuel Corum/Bloomberg

The Biden administration will take action to extend the moratorium on student loan payments or decide whether he plans to cancel student debt through executive action in the coming months, White House Press Secretary Jen Psaki said.

The freeze on student loan payments “is either going to be extended or we’re going to make a decision” about canceling debt, Psaki said during a taping of the “Pod Save America” podcast.