August 22, 2020

Can Joe Biden Really Cancel Student Loan Debt?

Can Joe Biden Really Cancel Student Loan Debt?


Can Joe Biden really cancel student loan debt?

Here’s what you need to know.

Student Loans

Student loan forgiveness has been a hot topic on the campaign trail and in the halls of Congress. From Sen. Bernie Sanders (I-VT) wanting to forgive all $1.6 trillion of student loan debt to Sen. Elizabeth Warren (D-MA) proposing to forgive student loans for 95% of Americans, presidential candidates have touted their plans for your student loans. In Congress, House Democrats proposed to forgive $10,000 of student loans for borrowers struggling financially, while senators said $10,000 of student loan debt should be cancelled. There have even been proposals to cancel $50,000 of student loan debt and to forgive student loans due to Coronavirus.




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