Student Loans

“President Joe Biden announced Wednesday that he will cancel $10,000 in federal student loans for millions of borrowers… Borrowers who earn less than $125,000 a year, or $250,000 for couples who file taxes jointly, will be eligible for debt cancellation. Pell Grant recipients, who make up the majority of student loan borrowers, will be eligible for an additional $10,000 in debt relief, for a total of $20,000.” (NBC News)

The right is critical of the plan, arguing that it is a handout for Democratic voters and will do nothing to solve...