President Joe Biden hasn’t cancelled your student loans, but don’t pay for student loan forgiveness.

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

Student Loans

If you follow the latest headlines on student loans, you know that Biden hasn’t enacted wide-scale student loan cancellation. Despite pressure from Sen. Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer (D-NY) to cancel up to $50,000 of student loans, Biden has opted to focus on targeted student loan cancellation. Since becoming president, Biden has cancelled more student loans than any president. This includes $10 billion of student loan cancellation, including $1.5 billion of student loan cancelled this way and $5.8 billion of student loans cancelled for student loan borrowers with a total and permanent disability. (Find out here how to…

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