President Joe Biden said on Monday at an event in Madison, Wisconsin, that his latest efforts to reduce or eliminate student debt would be a boon to the US economy.
Mr Biden said his administrations newest initiatives are an outgrowth of his promise to find alternative paths to reduce student debt loads that have become so burdensome that many borrowers simply cant repay what they owe, making student debt a problem because it keeps Americans from starting businesses, or buying homes, or starting families in many cases.
Its a drag on economies… when you cant afford to buy a home, start that small business, chase that career that youve been dreaming about for a long time, he said.
He also said the new programmes would give everybody a fa…
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