Biden Has Lost the Plot on Student Debt Relief
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The article discusses President Biden's approach to student debt relief. It criticizes his proposal to cancel $10,000 in student loan debt per borrower, arguing that it is a misguided policy. The author argues that student debt cancellation would primarily benefit higher-income individuals and would not address the root causes of rising college costs. The article also mentions that Biden's plan does not include any provisions for income-based repayment or targeted relief for borrowers in financial distress. The author suggests that instead of blanket debt cancellation, the government should focus on improving income-driven repayment plans and addressing the underlying issues in the higher education system. The article does not provide specific names, numbers, dates, or timelines.



https://www.bloomberg.com/opinion/articles/2024-04-14/biden-has-lost-the-plot-on-student-debt-relief