Current Issues Blog

Biden’s Student Loan Forgiveness: Too Much, Not Enough, Just Right, or Beyond the President’s Authority?

October 25, 2022

In August, President Joe Biden’s administration announced a student loan forgiveness plan which would cancel up to $10,000 in debt for most borrowers and up to $20,000 for some borrowers.1 Current federal student loan borrowers who earn less than $125,000 per year (less than $250,000 per household) can have up to $10,000 forgiven and those […]