Schumer says Biden is getting closer to canceling up to $50k in student debt: Talks 'have been very fruitful'
Fox News
Senate Majority Leader Chuck Schumer, D-N.Y., said Wednesday that President Biden is getting closer to canceling up to $50,000 in student loan debt for borrowers through executive action.
The Biden administration extended the moratorium on federal student loan payments earlier this month through the end of August.
More than 43 million Americans owe a total of about $1.75 trillion in student loan debt, a number that has nearly doubled in the past decade, according to the Department of Education.
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