Can Joe Biden Really Write Off Student Loan Debt?

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Can Joe Biden Really Write Off Student Loan Debt?

Here’s what you need to know.

Student loans

The cancellation of student loans was a hot topic during the election campaign and in the halls of Congress. From Senator Bernie Sanders (I-VT) wanting to forgive all $ 1.6 trillion in student loan debt to Senator Elizabeth Warren (D-MA) offering to forgive 95% of Americans for student loans, presidential candidates have touted their plans for your student. the loans. In Congress, House Democrats have proposed canceling $ 10,000 in student loans for financially troubled borrowers, while senators have said $ 10,000 in student loans should be canceled. It has even been proposed to write off $ 50,000 in student loan debt and cancel student loans due to the coronavirus.


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