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What Biden will do about US student loan debt

If you’re among the 42 million Americans with federal student loan debt, here’s a spot of good news: president Joe Biden has extended forbearance on payments through the end of September. This continues the Covid-19 relief first enacted by former secretary of education Betsy DeVos and then passed by Congress in March of last year, intended to lessen the financial burden faced by Americans during the economic crisis.

But Americans’ $1.7 trillion in student loan debt is a driver of inequality and a drag on the economy even in comparatively stable times. Continuar leyendo: “What Biden will do about US student loan debt” →