Three days after the 2020 presidential race was called for Joe Biden, Democrats are already discussing the possibility of canceling or reducing student loan debt. Senate minority leader Chuck Schumer reiterated his support for a proposal to cancel up to $50,000 in student debt in a recent interview, urging Biden to make the issue a priority within his first 100 days as president.
Biden pledged to cancel $10,000 of student debt as part of a coronavirus relief effort during his campaign, and has advocated for canceling debt for students at public colleges or historically Black colleges and universities who earn up to $125,000. This decisive action feels warranted, given that our national student loan debt is currently more than $1.5 trill…
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