Executive Summary As Americans’ collective federal student loan debt exceeds a trillion and a half dollars, it has captured the nation’s attention and spurred calls for forgiveness and reform. 1 Last week, sources within the Biden administration indicated that the White House is finalizing plans to cancel $10,000 in federal student loan debt per borrower. This historic move will no doubt trigger nationwide debates about the merits of relieving student loan borrowers, who on average are younger and higher-income than other Americans, of their debts. 2 Whether the public considers this move appropriate carries significant electoral implications.
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- United States of America
