Biden proposes student loan debt relief for borrowers ‘highly likely’ to default
USA TodayFEB 2024
Student Loans: Biden Announces Extra $9B in Debt Relief for 125K Americans
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The Spin
Democratic narrative
Millions of borrowers are eligible for student debt relief but have been unable to access the support they are qualified for. Biden is working to remove these barriers to access and fix this broken system in order to support hardworking Americans.
Republican narrative
Relieving student debt is unfair to those who will be paying for it but not reaping the benefits of a college education and will undermine the positive effects of the Inflation Reduction Act. Additionally, relieving student debt merely distracts from the real problem of the spiraling costs of college and a nationwide lack of affordability.
Metaculus Prediction
There's a 5% chance that the US will forgive $10,000 of federal student loans per person before 2024, according to the Metaculus prediction community.
