Fourth, if there will be wide-scale student loan cancellation, the Biden administration should expect discontent from the 80% of adult Americans who didn’t go to college or who don’t have student loans. These individuals, many of whom are struggling financially too, will be asking: “Where is my student loan relief?” There are 45 million student loan borrowers, but there are 250 million Americans who didn’t attend college or who no longer have student loans.
Temporary student loan relief is ending soon, and student loan borrowers should assess their strategy for student loan repayment. If these issues aren’t addressed, then you need a plan to pay off debt. Here are some smart places to start:
Just cancel $100000 of loans - these payments are too high!
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How about addressing the added upward pressure to inflation during a period of very high inflation. Sounds like a death spiral to me. What am I missing ?
He doesn’t have the constitutional authority to do anything about it
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