• Recent legal challenges have held up President Joe Biden’s plan to cancel student loan debt, which he trumpeted ahead of November’s tight midterm election.
• The pandemic-era moratorium on student debt payments resumes in January.
• Critics warn another extension could worsen inflation and raise the risk of a recession, while borrowers – 20 million of whom were eligible to get their federal student debt canceled under Biden’s plan – are left unsure of what to expect.

Tagged: Biden's America