How much student loan debt might the Biden administration cancel? Marketplace senior economics contributor Chris Farrell says people are coalescing around the idea of $10,000. Robyn Beck/AFP via Getty Images
Student loan debt increased in the third quarter of 2020 by $9 billion, according to the Federal Reserve Bank of New York. That brings the total to around $1.7 trillion.
There are calls for the incoming Biden administration to cancel at least some of that debt.
Marketplace senior economics contributor Chris Farrell joined Marketplace Morning Report host Sabri Ben-Achour to discuss this. The following is an edited transcript of their conversation.
Sabri Ben-Achour: So President-elect Biden hasnt …
Read the full article at: https://www.marketplace.org/2020/12/14/college-student-loan-debt-forgiveness-cancel-biden-administration/