Basic competence in government makes too few headlines. But to four million Americans, it was exactly what they needed to escape a lifetime of financial burdens. Any president could have done it, but Joe Biden actually got it done.
On Wednesday, Biden spoke at a Culver City, California, library about how the new round of student debt relief, which brings total loan forgiveness during his presidency to $137.8 billion for 3.9 million borrowers, came together. In his remarks, Biden noted that he tried to enact a $430 billion mass cancellation program for tens of millions of borrowers in 2022. But my MAGA Republican friends in the Congress, elected officials, and special interests stepped in and sued us. And the Supreme Court blocked it, B…
Read the full article at: https://prospect.org/education/2024-02-23-why-four-million-student-borrowers-got-debt-relief/