Joe Biden expected to announce $10,000 student loan forgiveness program Wednesday: report
President Biden's expected announcement to forgive $10,000 in student loans will cost American taxpayers around $300 billion, according to some estimates.
This seems like a terrible idea. I could be in favor of letting borrowers bankrupt out of defaulted student loan debt that is more than 10 years old, but I can't get behind straight up forgiveness. Individuals borrowed the money - it should be repaid. Another bad example of the government getting involved in a private enterprise and messing it up.
