he advised president clinton and obama, why not take any type of money that you want to spend and spend it on those that actually need it? maybe folks that didn t go to college. the other issue here is the cost control at the college level. that s the point i made to both of you before. what happened is when the federal government, the education department to raise the caps of what people students could borrow, what happened is colleges increased costs. it s government money to them. they don t care. it s a money grab at the college level. i made that point to both of you in the past. dana: taxpayer con of the century writing out debt is a gift to academia. pelosi and biden said we don t have the authority to do this. what changed there? many democrats and progressives that believe well, the education department can have the legal authority to oversee the education loan program, student loan program and then the president has the
In a March 30, 2021 announcement, the Biden administration announced that it would be extending relief to approximately 1.14 million student loan borrowers who previously were not covered.