Broad student loan forgiveness terms have not been confirmed by the White House

More than 40 million borrowers of student loans will receive loan forgiveness

A 40-year peak was reached in inflation

Large-scale student loan forgiveness will have little to no effect on inflation

Student loan cancellation could be seen as wealth redistribution

Americans without student loans may not want to repay others’ debts

$1.7 trillion in student loan debt is held by 45 million students

Before August 31, 2022, Biden has promised to make a decision about the widespread forgiveness of student loans

In only one day, the future of millions of borrowers of student loans might alter

Advocates and student loan businesses have also raised concerns about the department's lack of notification