President Biden announced student loan debt forgiveness and it spurred split opinions on Friday from different St. Louis groups.
ST. LOUIS — President Biden announced student loan debt forgiveness and it spurred split opinions on Friday.
Opinions on eliminating debt have been split for several years, recently when it was excluded from Biden’s $1 trillion infrastructure bill and lawmakers weighing out the pros and cons and how much borrowers should receive.
On one end, there are those happy to have a weight lifted off of their shoulders, while others argue that forgiveness is pivotal in addressing racial disparities in the economy but question whether it’s an adequate amount.
Under the new plan, if a person earns less than $125,000 a year, they can receive $10,000 in forgiveness.
