President-elect Joe Biden is facing mounting pressure to extend student loan debt relief or forgive thousands of indebted dollars for the millions of people who had their loan payments suspended throughout the pandemic.
With payments expected to resume in the new year, action on this front could help many who are out of work or facing financial hardship. Such relief could have a significant impact beyond the pandemic for Black student loan borrowers who are regularly forced to take on higher debt loads to afford college.
Student loan debt hit a record $1.6 trillion among 45 million borrowers in February, and has only increased during the pandemic. Bidens Plan for Education Beyond High School during his presidential campaign to forgive…
Read the full article at: https://www.nbcnews.com/news/nbcblk/biden-under-pressure-forgive-student-debt-here-s-why-it-n1248469