Nancy Pelosi and Chuck Schumer discuss the Heroes Act in the Capitol Visitor Center on November 12
CQ-Roll Call, Inc via Getty Images
In November, President-elect Joe Biden endorsed legislation that would make monthly payments to distressed borrowers with private student loan debt, and he previously expressed support for up to $10,000 in forgiveness for borrowers with federal student loans. A number of Democrats, include Senate minority leader Chuck Schumer (NY), Sen. Elizabeth Warren (MA) and Rep. James Clyburn (SC) have called on Biden to go further, asking him to forgive up to $50,000 in federal student loan debt per borrower.
With 10.7 million Americans out of work, the COVID economic crisis has made student loan forgiveness an…
Read the full article at: https://www.forbes.com/sites/elenabotella/2020/12/11/as-democrats-weigh-student-loan-forgiveness-will-credit-card-debtors-be-left-in-the-cold/