White House issues new student debt relief plan before election, says millions may qualify

[Diogenes]

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The White House is forging ahead with another broad student debt relief plan in the waning days of Joe Biden’s presidency.

The federal Education Department released the much-anticipated proposal, which the Biden administration says could provide student loan forgiveness to approximately eight million Americans, on Friday.

The regulations would authorize the U.S. education secretary to automatically cancel the debts of potentially millions of student loan borrowers whom the government expects will likely default on their loans in the next two years.

MSN

 

[evince]

It’s such a GREAT American investment in the future

We need new pell grants or whatever to make some years of college affordable to all young people

It’s a killer investment in future commerce

And dirt cheap compared to lots of other investments in the future