Why President Biden Should Also Cancel Interest Payments on Student Loan Debt

Forgiving at least some student loan debt is one of the few popular policy ideas that President Biden could implement on his own with the stroke of a pen. A recent national tracking poll from Morning Consult and Politico found that 64% of respondents supported the idea. Yet when the president announced on Thursday that he is "considering dealing with some [student] debt reduction," it was clear that he hasn't yet recognized the urgency of this issue. President Biden's announcement came with an immediate caveat: "I am not considering $50,000 debt reduction," he said in...