Proposal To Cancel Student Loan Interest, Instead Of Student Debt, Generates Debate
“Student loan debt is holding back a whole generation from buying homes, starting small businesses, and saving for retirement – all things we rely on to grow our economy,” said Massachusetts Senator Elizabeth Warren earlier this week. Warren is a leading voice in the push to cancel student debt. And if Biden cannot succeed in passing student loan forgiveness legislation through Congress, activists and advocates are calling on him to pursue executive action, instead. “Executive action to cancel student debt would be a huge economic stimulus during and after this crisis,” Warren said.
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by Adam S. Minsky, Esq., Forbes.