What the president is considering
More than 43 million people have federal student loan debt in the U.S., and the average borrower has about $37,000, according to data compiled by the Education Data Initiative. The outstanding federal loan balance is about $1.6 trillion.
"The hoops of means testing means that millions and millions of borrowers won’t get help," said Melissa Bryne, executive director of We The 45 Million, which represents student loan borrowers advocating for student debt cancelation. She called it"an outrageous violation" of Biden's campaign pledge to cancel student loan debt to all borrowers.Biden said in April that he was taking a"hard look" at executive action to forgive federal student loan debt.
Republicans hate forgiving predatory student loans because not only does it close the racial wealth gap and give people more opportunities, but those with a college education vote Democrat at a higher rate.
they aren't saddled with anything they borrowed it will you demand they pay my house loan off too
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