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Student debt fears lower the bar for low income students

Student debt fears lower the bar for low income students Jodie Adams Kirshner, opinion contributor © Getty Images Student debt fears lower the bar for low income students As the pandemic stretches on, President Biden has come under pressure from Democrats to cancel student debt in amounts larger than he has supported. They argue the move would narrow the racial wealth gap and help lead an economic recovery and they have demanded immediate executive action. Biden has promised to address student debt but spoken in terms of only $10,000 in relief. This month, Senators Charles Schumer, Elizabeth Warren and others called for $50,000 of debt to be forgiven for any American, regardless of income level, raising the ante against prior Senate and House resolutions that called for smaller amounts of relief.

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