Here are some key highlights:Cancel Student Loan DebtSanders has proposed to cancel all $1.6 trillion of student loan debt, including both federal and private student loans. However, in the wake of the Covid-19 pandemic, Biden proposed a Covid-19 student loan forgiveness plan to cancel up to $10,000 in student loan debt for each borrower. That’s a total of $50,000 of student loan forgiveness for public servants under the Public Service Loan Forgiveness program. Enrollment in the Public Service Loan Forgiveness program would be automatic, and any student loan forgiveness would be tax-free. Student Loan RepaymentLike President Donald Trump, Biden wants to simplify student loan repayment.

Source: Forbes July 09, 2020 20:36 UTC