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Student Loan Forgiveness – Experts on Banking, Public Spending and Education Policy Look at the Impact of Biden’s Plan

August 25, 2022

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Read time:

5-15 mins
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Presented by The Conversation

President Biden announced a plan to forgive $10,000 of student loan debt per eligible loan holder and extend the pause on repayment until Dec. 31, 2022, but is this enough? Terri Friedline, associate professor of social work at the University of Michigan, believes that while the plan will have considerable impacts, it is still limited. In an article for The Conversation, Friedline and two other faculty experts explore the plan’s limits, much-needed relief for Black borrowers, and the impact on inflation.

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