U.S. President-elect Joe Biden gestures to reporters as he arrives to announce nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020.
Leah Millis | Reuters
If President-elect Joe Biden follows through on his campaign promise to forgive student loans to many borrowers, he’ll be checking off an important box for his political constituency.
As a boost to the struggling U.S. economy, however, the move may not have much impact and will draw substantial opposition early in his presidency.
What to do about the burgeoning $1.6 trillion in education debt has been a nagging question for government officials. Fully half of the debt has piled up over the p…
Read the full article at: https://www.cnbc.com/2020/12/06/bidens-plan-to-forgive-student-debt-could-have-limited-economic-benefits-and-carry-risks.html