Joe Biden's new student loan forgiveness possible thanks to George Bush

President Joe Biden announced on Friday that his administration would cancel student loan debt for hundreds of thousands of borrowers, but the controversial move is an adaptation of a policy first-introduced and signed into law under former Republican President George W. Bush. The new loan forgiveness will add up to a total of $39 billion in relief as it benefits 804,000 borrowers who have making payments through Income-Driven Repayment (IDR) program. Providing relief will depend on what type of loans as well as when a student loan was borrowed. Borrowers...