Biden's Debt Cancelation is Good, but Not Good Enough
ByOn August 21st, President Biden announced his administration would be forgiving $10,000 in federal student loan debt. Recipients of the Pell Grant — a program designed to help lower income families pay for college — are eligible for an additional $10,000, for a total of $20,000 for low-income students. While I am certainly not the biggest fan of the Biden administration, these measures are a welcome change in policy and a necessary first step in addressing the student debt crisis.