Biden cuts more student debt but defers on bigger fixes

From Times Higher Education: “The Biden administration is more than doubling the number of borrowers eligible for forgiveness of their federal student loan debt, calling it a critical act of equity. … Among its latest strikes against the $1.7 trillion (£1.2 trillion) pile of student loan debt held by an estimated 43 million Americans, the administration announced that it would discharge $5.8 billion owed by 323,000 people with total and permanent disabilities. … Mr Biden, however, is still hesitating on his campaign promise to forgive at least $10,000 per person in federal student loans, owing to both uncertainty over his legal rights to do so without congressional approval and wide divides within his own party over the wisdom of such a move.”

View the full article from Times Higher Education.

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