Republicans are sending mixed messages in their criticism of President Biden’s student loan forgiveness plan.
found that recruiters were 10 times more likely to visit a high school in Connecticut where nearly half the students were on free or reduced lunches than they were to visit a similar-size high school in the area where only 5% of students qualified for the assistance.from the Federal Reserve Bank of New York, canceling $10,000 per borrower “would forgive a total of $321 billion of federal student loans, eliminate the entire balance for 11.8 million borrowers , and cancel 30.
5 percent of loans delinquent or in default” as of spring 2020.found that the forgiveness is likely to have minimal impact on spending and inflation, as student loan payments — paused since March 2020 — are set to resume at the beginning of next year following one last extension of the moratorium from Biden.taken earlier this month found that nearly half of respondents — 48% — said they backed the White House plan versus 34% who oppose it.
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