A new student loans strategy for Republicans

Congressional Democrats are moving apace with their student loan forgiveness schemes.

Last week, Senate Majority Leader Chuck Schumer and Elizabeth Warren, along with several liberal members of Congress, introduced a resolution calling for President Biden to cancel unilaterally up to $50,000 in student loan debt for every borrower. It’s unknown if Biden, who favors some forgiveness via Congress, will follow suit on dubious legal authority. Regardless, it seems Democrats will pull out all the stops to get some amount of student loan debt — say, $10,000 per borrower — canceled.