3 ways Biden is budgeting for 'better support to student loan borrowers' without the debt forgiveness he pledged
Business InsiderJUL 2022
Biden Will Extend Student Loan Payment Pause For 4 Months
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The Spin
Progressive narrative
Generations of students shouldn't be plagued with years of debt for attending higher education. Biden risks alienating younger voters if he continues not to deliver on the campaign promises that got him elected.
Right narrative
Canceling student debt would be shortsighted and unfair to the majority of Americans who will ultimately be stuck paying the bill for a debt many chose not to accumulate. Student loan borrowers shouldn't be receiving relief from taxpayer dollars, they should be better prepared to understand the costs of a loan before taking it on.
Metaculus Prediction
The Metaculus Community predicts there is a 22% chance the US will forgive $10K of student debt per person before 2024.
