43 million people face the burden of student loan debt.
By Brad Callas, Complex
Just a week after announcing plans to expand student loan forgiveness and income-based repayment programs, President Biden is reportedly exploring options to forgive most of the $1.6 trillion the country holds in federal student loan debt.
CBS News reports Biden discussed the issue during a meeting at the White House on Monday with members of the Congressional Hispanic Caucus. As of 2022, more than 43 million borrowers owe a collective $1.6 trillion in student loan debt, which ranks behind mortgages as the second-largest debt held by Americans.
BREAKING: President Biden is looking at different options to forgive most, if not all, federal student loan debt, per @CBSNews. The move could affect more than 43 million borrowers who hold more than $1.6 trillion in federal student loan debt.
— Brian Tyler Cohen (@briantylercohen) April 26, 2022
At the meeting on Monday, press secretary Jen Psaki revealed that the Biden Administration plans to make a decision about forgiving student loan debt between now and August. Federal student loan payments are currently paused through the end of August.
Recent Posts
The Movement to Abolish ICE Is Gaining Momentum
Take Action Now As activists rally around federal legislation to dismantle ICE, Amnesty International joins the call for abolition.By Mike Ludwig,…
Wanted: An Organized Political Movement to Counter the AI Oligarchs
Take Action Now History teaches us that the American people are capable of building great movements against powerful corporate interests. Let’s hope…
New Polling: 84% Of Voters Support Van Hollen Resolution To Investigate Israel’s Killing of U.S. Citizens
Take Action Now 83% of Democrats, 86% of Independents, and 82% of Republicans back resolutionBy IMEU Policy Project Polling released Monday,…
Why Medicare for All Is Now Possible
Take Action Now The politics of health care are finally catching up with patients and physicians.By Rebecca Delay, The Progressive Across the…