Biden is considering extending student loan payment freeze for several months and forgiving $10,000 per borrower
- The president is considering forgiving up to $10,000 in student loan debt per borrower and extending the loan moratorium in place since March 2020
- The current moratorium is expected to end Aug. 31 and Biden could extend it through the end of 2022 or until next summer
- Biden is looking to appeal to young voters ahead of midterms that could spell trouble for Democrats
- 'Today is good day to cancel student debt,' Rep. Ilhan Omar wrote on Twitter Tuesday
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