Biden outlines student loan forgiveness action: Who will qualify?

(NEXSTAR) - After months of reported discussions and small but impactful bouts of debt discharges, the Biden administration announced its plan to cancel a portion of the nation’s roughly $1.6 trillion in student loan debt on Wednesday. Sources with knowledge of the situation told The Hill that President Biden’s announcement will include not only another payment pause, expected to last roughly four months, but the largest forgiveness of federal student loan debt to date. It