Joe Biden Could Cancel Student Loans If These 5 Things Are True
President Joe Biden could enact wide-scale student loan cancellation
these 5 things are true.
Biden is weeks away from announcing his decision on canceling student loans
for millions of student loan borrowers. If Biden proceeds with broad student
loan forgiveness, borrowers are expecting $10,000 of student loan cancellation but hoping for $50,000 of student loan forgiveness.
1. Student loan cancellation will stimulate the economy
2. Student loan cancellation won’t increase inflation
3. Student loan forgiveness will help Democrats win the midterm election
4. Student loan cancellation won’t cost significant money
5. Biden has the legal authority to cancel student loans