5 Reasons Biden Won’t Cancel Student Loans [Forbes]
Morgan Stanley (MS)
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Source: Forbes
President Joe Biden (Photo by Brook Christopher/WireImage)There are at least 5 signs that President Joe Biden won’t enact wide-scale student loan cancellation.Here’s what you need to know—and what it means for your student loansStudent LoansThe push for student loan cancellation has mostly been a one-way street. That is, progressive Democrats in Congress have been pressuring Biden tocancel student loans up to $50,000 per borrowerThe reason is that many members of Congress don’t support student loan cancellation1. Student loan cancellation would have happened alreadyIf Biden planned to cancel student loans, thenwide-scale student loan cancellation would have happened alreadykept an open mind on cancelling student loanshasn’t included any student loan cancellation in the latest stimulus package, infrastructure package, or tax plan2. Focus on targeted student loan cancellationThis is not to say that Biden hasn’t moved aggressively to cancel student loan debt. Since becoming president, Bi
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