Why student debt cancellation could yet happen
There was speculation that President Biden might confirm a large-scale program of student debt forgiveness this weekend – but although he did not make such an announcement, Forbes finance specialist Zack Friedman still believes it may come.
In a piece published on Sunday, Friedman offers five reasons why heavy-duty student loan cancellation could yet become a reality, including the benefits it would bring for the US economy.
“If Biden cancels $50,000 of student loan debt, it could also help financially vulnerable student loan borrowers who want a fresh start on their student loans or who are more prone to enter student loan default when student loan payments restart,” Friedman writes.