This is an opinion piece by Robert Hall, a content creator and small business owner.
President Biden on Wednesday announced a student loan relief package designed to lower the debt of millions of Americans across the country. Current and former students with student loans are poised to have $10,000-$20,000 in debt erased, depending on the loan type.
It is estimated that 43 million Americans will receive some benefit from this new plan. This can be a good thing because people struggling to pay off their student loans were probably never going to pay them back in the first place. Is this a good policy? It depends on who you ask. If you ask a Democrat, they might say that Biden’s plan doesn’t do enough to help low- and middle-income Americans.
