Education Secretary Miguel Cardona first hinted Sunday that an announcement on either forgiving student debt or extending ongoing the loan payment moratorium would come in the next week.
“We know Aug. 31 is a date that many people are waiting to hear something from,” he told NBC’s “Meet The Press.” “We’ve been talking daily about this, and I can tell you the American people will hear within the next week or so.”
Demonstrators call on President Biden to cancel student debt outside the White House on July 27, 2022.Biden repeatedly extended the moratorium — despite warnings from Republicans and the— and has been facing pressure from his party to eliminate the debt completely. In March, the Committee for a Responsible Federal Budget warned that extending the repayment pause again would worsen inflation.
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