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An ever-increasing chorus away from Popular lawmakers enjoys recommended this new Biden government to apply the newest Warren-Schumer proposal via executive action
The fresh Roosevelt situation short term debunks the newest myth one student loan cancellation was regressive
Has just, college student personal debt cancellation has arrived into the fore of one’s modern plan agenda, with lots of proposals currently available; the fresh new Biden management 1st proposed plans you to definitely cancels up to $10,100 out of federally recognized student loan loans for each borrower, and you may Senator Age Warren (D-MA) and you may Senate Most Commander Chuck Schumer (D-NY) has proposed tasking the new Agency off Studies which have canceling up to $fifty,100000 in the government loans per borrower. Because the supporters and you can policymakers argument the trail pass, but not, you to material who’s emerged as the a perennial flashpoint was a great not the case story getting in touch with the policy regressive.