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The Biden Administration Proposed Another New Student Debt Relief Plan.
What does it involve?
When considering all the ways that people are impacted by government action or lack thereof, the refusal and inability to the cancel the ever increasing student loan debt is high on that list. But frankly, equally as frustrating is seeing politicians pretend to care about issues as important and consequential as student loan debt only to run on empty promises is almost just as frustrating as the issue itself. We all know Biden vowed to cancel up to $20,000 in student loan debt, and we all know that failed. We all know that if Biden genuinely wanted to, he could make a push to cancel student loan debt entirely and watch the Republican Party squirm in response.
But he wont.
Nevertheless, we’re hearing about some more steps he’s taken towards addressing the problem.
Summer Concepcion with NBC News writes:
“The Biden administration is proposing a new plan to forgive student debt, months after the Supreme Court struck down President Joe Biden’s sweeping pandemic-era debt relief plan in June.
The Education Department on Monday released a student debt relief proposal that would target four categories of borrowers: those with federal student loan balances that exceed…
