THE DECISION ON STUDENT LOAN DEBT
Miniature graduation cap on hundred dollar bills

About 45 million people in the U.S. are holding their breath at this moment as they wait for an announcement expected from the White House today on student loan debt relief. Early reports suggest that President Joe Biden will announce outright forgiveness of $10,000 of the student debt owed by people earning $125,000 or less. He also is expected to extend a moratorium on student loan repayment that has been in place since the beginning of the COVID-19 pandemic. The United States government is the primary lender for about $1.6 trillion in student loans.

What do you think about the reported plan to forgive $10,000 of debt for many?

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