That means every American’s college loans are about to be wiped clean, right?
Well, not so fast…
$1.7 trillion tab.
Specifically, he wants to cancel $10,000 of student debt, per borrower.
Which could eliminate loans for some 16 million people more than a third of current borrowers.
Now, here’s what everyone is getting wrong:
The question isn’t who’s going to pay for all of this?
That one’s easy. Every US taxpayer.
The more important question is: Why are we even talking about canceling student loans in the first place?
Nobody is looking to write off mortgages.
You don’t hear the mainstream media talking about canceling car loans…
Will Biden really cancel student loans? Stephen McBride
President Biden wants to cancel student debt!
That means every American’s college loans are about to be wiped clean, right?
Well, not so fast…
$1.7 trillion tab.
Specifically, he wants to cancel $10,000 of student debt, per borrower.
Which could eliminate loans for some 16 million people more than a third of current borrowers.
Now, here’s what everyone is getting wrong:
The question isn’t who’s going to pay for all of this?
That one’s easy. Every US taxpayer.
The more important question is: Why are we even talking about canceling student loans in the first place?