Democrats continue to push President Biden to cancel most, if not all, federal student loan debt (CNBC, Yahoo Finance, Nerd Wallet). Any injunction sought to block such an executive order or federal legislation would be immaterial, as would the date that principal forgiveness would take effect.

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NOTE 25 August 2022: We are aware of President Biden's announcement yesterday regarding his plans for student loan forgiveness. As no official action has been taken yet as best we can tell, the question will remain open. We also received a clarification request asking if any executive action would count. The answer to that question is no, it must be a signed executive order. Legislation becoming law during the question's open period to also count.

The question closed "No" with a closing date of 1 November 2022.

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