Education secretary vows decision on student loan pause coming soon

• The freeze has been extended several times since March 2020. The Biden administration has vowed that a decision on student loans and possible loan forgiveness would come before the end of August.
• Reports in May suggested Biden was considering forgiving $10,000 of student loan debt for most borrowers, considerably less than the $50,000 some lawmakers have asked for.

What they're saying: "We know Aug. 31 is a date many people are waiting to hear something from," Cardona said.

• "We've been talking daily about this and I can tell you that the American people will hear within the next week or so."