In the coming weeks, President Biden is expected to lay out the details of his $10,000 per student debt forgiveness plan. Bestselling Author of The Lemonade Life, and contributor to Forbes, there will be clear winners and losers when it comes to student loan forgiveness. If President Joe Biden goes ahead with a large-scale student loan cancellation, federal student loan borrowers earning up to $150,000 per year may be the most likely beneficiaries. However, if there is student loan forgiveness, the following individuals may be excluded. Student loans, according to proponents, are unjust, trap young people, create inequity, limit financial freedom, and are prohibitively expensive.

Source: Los Angeles Times May 31, 2022 14:55 UTC