Americans by and large oppose giveaways to the affluent or privileged, which explains why they consistently oppose forgiving college student-loan debt.
Up to 30,000 student loan borrowers will have a cumulative $2 billion in debt forgiven by the Biden Education Department, after a series of major changes to the troubled Public Service Loan Forgiveness (PSLF) program were announced.
Biden is using executive authority to write off debts for some borrowers, while a Bush-era law could have even bigger implications.
The Biden administration announced on Thursday, Aug. 19, that it would cancel federal student loan debt for more than 323,000 borrowers with permanent disabilities.
Unable to discharge debts in bankruptcy, students with useless degrees, especially master's degrees are Financially Hobbled for Life.
40M Americans Bracing For End Of Student Loan Moratorium As Politicians Acknowledge "Unsustainable" Debt
---from next week's budget: President BREAKS campaign promise to cancel $10,000 debt for 42 million Americans
Whether it's CNBC telling us what issues mattered to the young in the presidential election, or Yahoo! Finance telling us the big winners in the 2020 election were "young people and student voters," or Forbes telling us "young people with stu
Student debt forgiveness would overwhelmingly benefit the most well off in America, new economic research shows.
Higher education might be the most pressing domestic issue confronting America today.
For millions of Americans, getting a four-year degree no longer makes sense. Here's what could replace it.
Democratic leaders in Congress are pushing President-elect Joe Biden to take quick action on canceling student loan debt with an executive order to stimulate the economy and provide relief to struggling borrowers.