The push for Joe Biden to make dramatic changes to student loans could be sooner than most realize. According to The Huff Post, Biden ‘s key colleagues including Senate leaders are reportedly pushing the President to forgive roughly $50k in student debt. First and foremost, such forgiveness of that level would wipe out massive chunks of debt for allot of people.
“The President continues to support the cancelling of student debt to bring relief to students and families,” White House press secretary Jen Psaki wrote on Twitter. “Our team is reviewing whether there are any steps he can take through executive action and he would welcome the opportunity to sign a bill sent to him by Congress.”
The moves come as students in America are struggling against the backdrop of intimidating student loans that were or are often predatory.