Personal Finance

2 Paths To Student Loan Cancellation

Student loan cancellation has come down to two paths.

Here’s what you need to know.

Student Loans

There are two main paths to student loan cancellation. You can mix and match approaches, find an alternative way, or even call it a different name. However, make no mistake: student loan cancellation — if it happens — likely will happen one of two ways. There are two brewing battles, and depending on who wins, it could shape the outcome of student loan cancellation and have a lasting impact on your student loans. These are the two battles:

Path #1: President Joe Biden (executive branch) vs. Senators Elizabeth Warren and Chuck Schumer (legislative branch).

Path #2: Warren and Schumer (legislative branch) versus moderates Democrats and Republicans (legislative branch).

Let’s explore.

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