The Biden Student Debt Forgiveness Plan
Sep 02, 2022•24 min•Season 129Ep. 3
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Episode description
Recently, President Joe Biden announced the U.S. Department of Education will cancel up to $20,000 in student debt for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients. The announcement was a culmination of a campaign promise, though the news caused the websites of loan providers and a federal agency to crash in response to an influx of web traffic.
Ben Kaufman is the Director of Research & Investigations at the Student Borrower Protection Center. Prior to joining SBPC, Ben worked as a Financial Analyst at the Consumer Financial Protection Bureau and in investment banking at JPMorgan. He joined the show to talk about the Biden student debt forgiveness plan.
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