President Joe Biden has once again extended the pandemic pause on federal student loan payments – this time until May 1. During his presidential campaign, Biden pledged to write off at least $ 10,000 in student debt per person.
It hasn’t happened yet. But the pause in student loan payments has reignited the debate over what to do about student loans. Student loan borrowers in the United States owe $ 1.6 trillion in federal and private loans. Some advocates and lawmakers are asking Biden to forgive $ 50,000 per person, and others are advocating that student loans be canceled altogether.
Coming Tuesday at 9 a.m., MPR News host Angela Davis chats with two researchers about the student debt debate and whether debt cancellation is the best way to solve the student debt crisis.
And we want to hear from you, our listeners: How would you live differently if you didn’t have student loans? Call us at 651-227-6000 or 800-242-2828 during the 9 a.m. hour. Or you can tweet @AngelaDavisMPR.
Bishop Jalil Mustaffa is an Assistant Professor at Villanova University in Villanova, Pennsylvania. He studies how student debt affects black borrowers.
Jason delisle is Senior Policy Fellow at the Urban Institute in Washington, DC. He studies the financing of higher education and student debt.
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