Biden’s slow trickle approach to student debt pleases no one except small slice of borrowers

Published January 21, 2024 5:00am ET



President Joe Biden continued his slow rollout of student debt transfers Friday morning with the announcement that his administration will write off $5 billion worth of loans for 74,000 borrowers.

The White House touted the move as the president using “every tool at our disposal” to cancel student debt, yet the trickle approach has outraged conservatives who say the actions are illegal, while “forgiveness” advocates are urging the administration to go bigger.

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