Student Loan Forgiveness

Last Monday, President-elect Joe Biden expressed support for legislation in which the federal government repays “up to $10,000 in private, nonfederal student loans for ‘economically distressed’ borrowers.” (NPR)

Also last week, over 200 progressive organizations sent an open letter calling on Biden “to use executive authority to cancel federal student debt.” (Americans for Financial Reform)

The left is divided.

The right is generally skeptical of Democratic proposals for student loan forgiveness.