Student Loan Forgiveness: Biden Administration Debating Details

The White House is still weighing the details of the announcement on student loan forgiveness — and it's unclear how far President Joe Biden can go in canceling student loans.

According to the Washington Post, the White House has not finalized the details of the broader student loan forgiveness.

1. Student loan forgiveness could increase Inflation

2. Student loan cancellation could be perceived as wealth redistribution

3. Americans without student loans may not want to pay for other people’s student loans

Student loan forgiveness: political implications