The Washington Post is reporting that President Biden's campaign promise of forgiving student loan debt will not be included in his upcoming Budget. During the President's campaign he said he would cancel up to $10,000 in student loan debt per student. What happened? This surely has to be upsetting some of the more progressive members of the Democrat party such as Sen. Elizabeth Warren and AOC who have been advocates of high student loan forgiveness for quite some time now. Has President Biden realized it's just not feasible or has he known that all along but used his promise as a ploy to gain the younger vote? Most likely the later.
So far the President has yet to follow through on any of his promises regarding student loan forgiveness. The first being what I previously mentioned about forgiving $10k in student loan debt per student and the second being the cancelation of student debt for undergrads at public colleges and Black colleges and universities. Will he ever? In a recent interview with the New York Times, the President said, "The idea that you go to Penn and you're paying a total of 70,000 bucks a year and the public should pay for that? I don't agree." Hmm, is that a preplanned foreshadowing of what's to come? It's one thing to not agree with student loan forgiveness for private or ivy league schools but does the President now not believe in student loan forgiveness period and used this example as a feeler under the guise of only targeting the sector of private education? It's possible.
All I have to say is this is a classic political hype job if it comes to fruition that President Biden does not accomplish any sort of student loan forgiveness. Just another example of a politician with all these grand ideas but no follow through. I wouldn't be surprised if there is no student loan forgiveness but I really think many Millennials or Gen Zers had faith in the President to get that done for them so it'll be quite the disappoint for them when reality hits them.
-Producer Lightning
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