Biden’s Unending Student Loan Forgiveness Run
Nat Malkus
American Enterprise Institute
May 30, 2024
The Biden administration announced $7.7 billion in student debt cancellation for about 161,000 borrowers, equating to about $48,000 per borrower. Compared to what has already been spent on loan forgiveness since the pandemic began, that’s an enormous drop in a gargantuan bucket.
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