Whether or not loan forgiveness will be extended is uncertain and subject to ongoing debate and discussion. Some lawmakers and advocates are pushing for widespread student loan forgiveness or other forms of debt relief, arguing that it could help alleviate the burden of student loan debt and provide much-needed relief to borrowers, particularly during the ongoing COVID-19 pandemic.
However, there are also arguments against loan forgiveness or extensions, including concerns about the cost and who would bear the burden of that cost, whether it's fair to provide blanket loan forgiveness to all borrowers regardless of their financial situation or other factors, and the potential unintended consequences of such policies.
Ultimately, whether loan forgiveness or extensions will happen and to what extent will depend on a number of factors, including political will, economic conditions, and the ongoing public debate around the issue. If loan forgiveness or extensions do happen, it may take the form of partial or full forgiveness, targeted or blanket forgiveness, or other forms of debt relief. It's important to stay informed and up to date on developments related to student loan forgiveness and extensions, but it's also important to continue to manage your student loan debt and make timely payments until any changes are made.
