Daily News | If your 73-year-old mom waits tables to pay your college debts, maybe the system is broken | Will Bunch
plummet, the 46th president is on the brink of a major move between now and Aug. 31. That’s when a more than two-year, pandemic-driven pause in loan payments is slated to end.of what the Biden administration is looking at: A sweeping college debt forgiveness program that would wipe away at least $10,000 of most student loans, although with income limits that would exclude high earners. It’s possible that income and loan data could be use to offer higher levels of relief to some debtors.
t, complaining that the move is essentially a political payoff to urban professionals who increasingly form the base of the Democratic Party. Conservative lawmakers and activists will presumably challenge in court whether the president even has the legal authority to make such a move by executive action, rather than going through Congress.
that poured forth on social media this weekend — most depicting how the college debt burden has kept them or their families from living their best lives., who’d split Miller’s $30,000 debt but then struggled to pay back her half. Despite medical and job setbacks, she refused to let her daughter take over the obligation. “The difference [between] poverty and doing alright was the $400 monthly payment on those student loans,” she wrote.
The young people who were given loans — but not any help in dealing with the many other hassles middle-class kids face in finishing college — are just one piece of the moral argument for loan forgiveness, which in my mind matters more than any economic argument. In one way or another, almost every American who went off to college since the 1980s was sold a bill of goods.
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