Biden's student debt cancellation could cost taxpayers $1.4 trillion
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Student debt is bad, student debt bailouts are worse
Student debt, a new Gallup report shows, is making it harder for young people to reach key life milestones. According to a Gallup survey of over 14,000 adults, over 70% of people say student debt has “delayed major life events” including moving out of their parents’ home, getting married, and having a child. Strikingly, there […]
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Biden Forgives Another $6 Billion in Student Loans
Michael RaineyMay 2, 2024The Biden administration on Wednesday announced it would erase roughly $6.1 billion in additional student loan
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Student debt is devastating borrowers. Biden is determined to fix that
Few issues have vexed the Biden administration like student loan forgiveness. Given that more than 40 million Americans owe money on their student loans, for a total of $1.6 trillion, few issues have such a large impact on so many. Democrats and progressives have long prioritized this matter, and President Joe Biden promised to fight for significant debt relief before taking office. Even though his ambitious proposal to use his executive authority to forgive $400 billion in student loan debt...