Student loan debt in the US 40 million people $1.6 trillion

Biden, courting young voters, promised debt forgiveness during the 2020 campaign as part of his economic recovery plan. 

Some said the plan would be unfair to those who have already paid back student loans or who worked their way through college to avoid debt. 

Some progressive activists, like Senator Elizabeth Warren of Massachusetts, said that Biden’s plan didn’t go far enough. She called for forgiving as much as $50,000 in loans

Most borrowers have to resume payments sometime in October. For millions of people, that means having to add payments of about $300, on average, to their monthly budgets.

Bloomberg 1 October 2023

https://www.bloomberg.com/news/articles/2023-10-01/student-loan-payments-are-back-here-s-why-and-what-that-means-for-borrows


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