A lot of waves have been made in the past decade regarding student loans and the sometimes predatory nature of higher education. It has become a common refrain among Democrats to support varying degrees of student loan relief and forgiveness, essentially framed as an economic stimulus and a salve for those stuck with crippling debt. Republicans generally find this kind of targeted debt relief to be ridiculous, such as Don Bacon in September lamenting that reducing the debt incurred by young people seeking a degree would be a real problem for military recruitment and retention.
Eyes now are on President Biden’s promise to forgive up to $20,000 in federal student loans, which has been challenged in court by several states–including Nebraska–and will be playing out over the next several months. Today Matthew Wurstner is back on the show to give an overview of the student loan program, the attempted relief, and the likely outcome in court.
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