Student Debt Cancellation

SOURCE www.breitbart.com
President Joe Biden announced the cancelation of over $7 billion in student debt for 160,000 people, bringing the total number of Americans benefiting from debt relief actions to 4.75 million.

Key Points

  • 160,000 people to have student debt canceled
  • Debt relief totaling $7.7 billion
  • Biden's ongoing efforts to make higher education affordable

Pros

  • Relief for 160,000 people
  • Total of $7.7 billion in student debt forgiven
  • Biden's commitment to making higher education accessible

Cons

  • Supreme Court previously blocked a larger debt cancelation plan
  • Criticism from some regarding the use of tax dollars for loan forgiveness