Why Is Student Loan Forgiveness Happening Now?

The video discusses President Biden's commitment to student debt relief, aiming to cancel $10,000 to $20,000 in student loans for eligible Americans. It highlights opposition from Republican leaders who argue that the plan benefits only a few and could exacerbate inflation. The intent is to support the middle class and those financially struggling post-pandemic. The history of student loans is explored, noting rising tuition costs and economic impacts. Economists express concerns about inflation, while legal challenges create uncertainty about the plan's future.

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