Partial student loan forgiveness: what are the implications?

By Lyle Solomon (May 20, 2022, 3:56 p.m. EDT) – On April 28, President Joe Biden said he would make a decision on student loan forgiveness in the coming weeks.

Biden did not specify how much debt he plans to cancel, but he said he supported $10,000 in campaign aid.

“I’m looking at facing debt reduction. I’m not looking at $50,000 debt reduction,” Biden said at the White House after unveiling new funding for Ukraine.

It is not entirely clear that the president’s executive power allows him to largely erase student debt. Last year, Biden led attorneys for the U.S. Department of Education and…

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