Student Loan Debt Holders Get Piecemeal Relief

Wall Street Journal: “The Biden administration is considering extending a pandemic freeze on Americans’ student-loan payments beyond its scheduled expiration in September and turning to piecemeal measures to lower their student-debt bills.”

“Five months into his term, President Biden has resisted calls from fellow Democrats and activists to cancel most of America’s $1.6 trillion in federal student-loan debt in one swoop through an executive action. … Yet many Americans effectively are seeing their debt bills reduced through policy changes that started under the Trump administration, which froze student-loan payments when the pandemic began unfolding in March 2020.”