Student Loan Forgiveness Of $50,000 Gets Renewed Push : Joe Biden
Here’s what you need to know —
and what it means for student loans
.
As President Joe Biden considers student loan forgiveness for millions of student loan borrowers
a new report sent to Sen.
Elizabeth Warren (D-MA) shows how $50,000 of student loan forgiveness could yield significant benefits.
–
$50,000 of student loan forgiveness:
30 million borrowers would have no student loan debt.
–
$40,000 of student loan forgiveness:
28 million borrowers would have no student loan debt.
–
$30,000 of student loan forgiveness:
24 million borrowers would have no student loan debt.
–
$20,000 of student loan forgiveness:
20 million borrowers would have no student loan debt.
–
$10,000 of student loan forgiveness:
13 million borrowers would have no student loan debt.
Warren and Senate Majority Leader Chuck Schumer (D-NY), who both have championed up to $50,000 of student loan forgiveness
are still pushing Biden to cancel that amount of student loan debt for millions of student loan borrowers.