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The pros and cons of Joe Biden's idea to forgive student loan debt


Deseret News
Biden wants to forgive lots of student debt, but at what cost?
The president-elect campaigned for $10K loan forgiveness, but many experts say the political carrot is fraught with economic and moral hazards
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Kristin Murphy, Deseret News
SALT LAKE CITY As a presidential candidate, Democrat Joe Biden vowed to forgive at least $10,000 in student loan debt per borrower, which could eliminate loans for some 16 million people more than a third of current borrowers.
This past week, members of President-elect’s Biden’s transition team said that as soon as he takes office, he will extend suspension of federal student loan payments put into place in the early days of the COVID-19 pandemic. ....

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