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.
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: