President Biden On Student Loans Forgiveness

The White House is still considering the specifics of a decision on students loan cancellation.

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As per the Washington Post:

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The White House hasn't finalized details regarding the broad forgiveness of student loans.

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There are a variety of reasons why the Biden administration is taking a close look at the possibility of a large-scale student loan cancellation.

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The amount of forgiveness for student loans could rise. Inflation

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A student loan cancellation may be seen as a form of redistribution of wealth

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Americans who do not have student loans might not want to take on others' student loans

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Biden will also consider the political consequences of large-scale cancelling of student loans.

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