BusinessEconomyPoliticsTop NewsUS Biden administration warns of large increase in student loan defaults without debt forgiveness – CNBC By Reuters - November 16, 2022 0 103 FILE PHOTO: U.S. President Biden speaks about the student loan forgiveness program (Reuters) – Biden administration has warned of a ‘historically large increase’ in student loan defaults without debt forgiveness, CNBC reported on Wednesday. (Reporting by Maria Ponnezhath in Bengaluru)