Biden Confirms He Won’t Cancel $50,000 Of Student Loans—5 Key Takeaways

Source: Forbes — 

President Joe Biden confirmed that he won’t cancel $50,000 of student loans.

Here’s what you need to know — and what it means for your student loans.

Student Loans

In a major announcement Thursday, Biden said he’s not considering $50,000 of student loan cancellation. For some student loan advocates, this latest update on student loan forgiveness is a big disappointment. For others, Biden’s announcement is consistent with his prior statements. Here are 5 key takeaways: