Biden’s student loan forgiveness plan
President Biden's plan to provide relief to borrowers of federal student loans has been met with celebration and condemnation. Too far, too little, overreaching and unfair?Listen 49:31
President Biden announced last week he would cancel $10,000 in federal student loan debt for people who qualify, and up to $20,000 for Pell Grant recipients. Around 43 million Americans could be impacted by his executive order, which also places a pause on monthly student loan payments.
Some Democrats think the president didn’t go big enough considering sky-high interest rates, and many Republicans have questioned his authority to forgive student debt. This hour, we’ll discuss Biden’s debt relief plan and the immediate and long-term impact this forgiveness will have for borrowers and our economy.
Our guests are New York Times “Your Money” columnist Ron Lieber (@ronlieber), author of The Price You Pay For College, and Danielle Douglas-Gabriel (@DaniDougPost), national higher education reporter who covers college affordability, accountability and financial aid policy for The Washington Post.
The Washington Post What borrowers think of Biden’s student-loan forgiveness plan
The New York Times Some Colleges Don’t Produce Big Earners. Are They Worth It?
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.