Biden’s Student Loan Forgiveness Plan Is a Joke (And Not a Funny One)
Blog Post Summary TL;DR This blog post is a critique of Biden's student loan forgiveness plan, which I believe is insulting. The plan is too narrow, too slow, and too unfair to benefit most borrowers. The plan only applies to borrowers with total and permanent disability (TPD), a small fraction of debt holders. The plan fails to address root causes like rising college costs, predatory lenders, and insufficient repayment options. No relief for borrowers affected by COVID-19, despite unemployment and financial challenges. The plan is unfair to those who already paid loans and those not disabled but facing hardship. Biden's plan contradicts campaign promises, giving in to pressure from Republicans and Wall Street. Ways We Can Help Contact your representatives demand a more comprehensive and equitable student loan forgiveness plan. Consider alternative solutions: