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Student loan cancellation

Biden Student Loans
Evan Vucci
American University student Magnolia Mead puts up posters near the White House promoting student loan debt forgiveness, Friday, April 29, 2022, in Washington.

Last week the Biden Administration announced they would cancel $5.8 billion for borrowers who attended the predatory, for-profit Corinthian Colleges. In April, relief was provided for students who attended a for-profit cosmetology school.

What does this mean for private higher education advocates, and will Biden’s piecemeal approach be enough when the payment moratorium is lifted on August 31st? Today we’re discussing student loan forgiveness.


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