Til Debt Do Us Part

By Max B. Sawicky

I did a piece for In These Times on the Biden Administration's student loan relief. Here's a teaser and a link. Please subscribe to ITT.

"On August 24, the Biden White House announced its plan to provide relief for Americans carrying student debt. The amount of debt cancellation may be as much as $20,000 for Pell Grant recipients, and otherwise $10,000, in either case for individuals with annual incomes under $125,000 and married couples earning less than $250,000. There are other features of the plan that will help alleviate the debt burden — such as a 5 percent cap on payments of loans in relation to monthly incomes — but those are the headline numbers."