Changes to student loan programs could bring millions closer to getting out of debt, Education Department says
CBSAPR 2022
The Spin
Left narrative
Any student loan forgiveness is a move in the right direction, but there's still much more to be done considering the US' $1.75T in overall student debt. These are good enhancements for targeted groups, and now it's time to focus on the major structural issues that underpin this crisis.
Right narrative
Biden's pause on student loan forgiveness and his continued rule changes will only serve to cripple the US economy. Forestalling debt payments adds fuel to the already high inflation rate and removes any incentive for people to re-enter the workforce. This will only further contribute to labor costs and higher prices across the country.