What is the Media Saying About Biden’s New Student Loan Forgiveness Plan?
Summary from the AllSides News Team
President Joe Biden on Wednesday outlined a new student loan forgiveness plan, which received varying reactions from voices across the spectrum.
Some perspectives highlighted how this policy could increase "college access" and ridiculed those who don't want to improve others' lives because they didn't get the same benefits. Those who were mildly enthusiastic labeled Biden's plan as a "good start" and "important step" but noted that it doesn't solve the "more fundamental problem" of the "dysfunctional" higher education system.
Many critics called Biden's policy "a real slap in the face" to those who have already paid off their loans, while others warned that Biden is using student loan cancelation as a "political bribe" for young voters ahead of midterm elections. The Washington Post (Lean Left bias) editorial board labeled Biden's student loan announcement as "ill-conceived and misdirected," contesting that the new policy changes will "provide a windfall for the upper-middle class and wealthy" rather than aiding the "most vulnerable" Americans. Some, especially fiscal conservatives, focused specifically on estimates that the plan will cost taxpayers roughly $300 billion.
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