Opinion by Ro Khanna: It’s the right thing to do. And it makes economic sense.
for select borrowers defrauded by for-profit colleges, individuals with permanent disabilities and those working in public service. He also paused federal student loan repayments and forgave interest payments on these loans to relieve the burden during the pandemic.
Forgiving student loan debt is progressive economic policy, not regressive, as critics wrongly maintain. According to anthe people who would benefit most from debt cancellation are those with the least amount of wealth. This relief would be particularly meaningful for the millions of Americans who never received a college degree but did incur student debt — and who areStudent loan forgiveness is also essential to overcome the racial wealth gap.
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Activists keep up pressure as Biden weighs student debt moveAfter promising to address the issue during his campaign for president, Joe Biden is now weighing how much federal student loan debt should be canceled and who should benefit.
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White House shrugs off student debt cancellation inflation concernsThe White House downplayed concerns that President JoeBiden forgiving certain federal student loan debt will worsen inflation.
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Activists keep up pressure as Biden weighs student debt moveFor student loan activists, the week began with hope as President Joe Biden gave his clearest indication that he was considering canceling federal debt rather than simply allowing borrowers to defer payments during the pandemic.
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Biden's student debt remarks in 2021 led White House staff to appease progressives, new book saysStatements made by President Biden in Wisconsin last year created a tug of war between moderate and progressive Democrats over student debt forgiveness and forced some from the White House to clean up the president's remarks, according to an upcoming book from two New York Times reporters.
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Is Biden canceling student loans? What the president has saidWhile the president has not announced a decision on any debt forgiveness, he and several other officials have hinted that he could soon act to cancel some debt.
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Student loan debt: How much should Biden forgive?President Biden said Thursday that he’s “taking a hard look” at the possibility of canceling a significant share of federal student loan debt and will make his final decision “in the coming weeks.”
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