The fate of Biden’s student loan forgiveness program that would impact scores of borrowers from a wide array of colleges and socioeconomic backgrounds lies in the hands of 9 relatively wealthy people who graduated from a short list of elite private schools
The fate of President Joe Biden’s student loan forgiveness program that would impact scores of borrowers from a wide array of colleges and socioeconomic backgrounds lies in the hands of nine relatively wealthy people who graduated from a short list of elite private schools.
And to be sure, students who took out federal loans for undergraduate programs at private schools could be eligible for the relief. In fact, those students took out more debt than their public school counterparts in recent years and at slightly higher rates, according to data from the College Board. The relief is designed to aid borrowers who are at highest risk of delinquency or default.
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