Millions of Californians could get one of the biggest transfers of money in this countrys history as lawmakers and the incoming president duel over competing plans to rid the nation of ten of billions of dollars in student debt.
If President-elect Joe Biden follows through with his campaign promise to forgive $10,000 in federal student debt, as many as 1.3 million Californians could see the balance on their federal college loans totally wiped out.
The plan, which would make good on a once fringe progressive goal of student forgiveness thats gone mainstream in the past five years, would benefit a total of roughly 3.9 million Californians who combined owe $140 billion in federal loans used to pay for college.
But a chorus of Congressional…
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