Student loan borrowers stage a rally in front of The White House to celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt on Aug. 25, 2022, in Washington, DC. His name is Brad. He matriculates at a university that charges tuition and fees far beyond his means; he majors in postmodernist literary theory or queer studies; Brad’s classes aren’t demanding so he has plenty of time to attend rallies promoting socialism and Palestinian rights.
After four years — or five or six — Brad leaves behind keg parties and football games and graduates with a useless degree and a staggering five- or six-figure debt that he has no capacity to repay. This isn’t a small problem. Student debt exceeds $1.7 trillion, more than Americans’ total credit card debt. The average debt is $38,000, and some students owe hundreds of thousands. Many pay a significant portion of their income toward this debt for decades, putting off getting married, having children or starting businesses
Student Loan Debt Cancellation Rally Education Financial Burden
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President Biden Cancels Student Loans for Thousands of BorrowersPresident Joe Biden announced the cancellation of federal student loans for nearly 153,000 borrowers, highlighting his debt cancellation efforts during his reelection campaign. Biden emphasized that a college degree is often too expensive and burdensome, and that loan relief can help stimulate the economy.
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Student loans for nearly 153,000 borrowers are being canceledPresident Joe Biden says his administration is automatically canceling federal student loans for nearly 153,000 borrowers. He's putting the spotlight on his debt cancellation efforts as he ramps up his reelection campaign.
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Biden Administration announces $1.2 billion in Student Debt Forgiveness for 153,000 borrowersThe New Black View
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