How Biden Wants to Trim a Mountain of Student Debt

Among the economic issues facing the new Biden administration is how to help alleviate the weight of $1.7 trillion in student debt, a figure that had ballooned from $1 trillion in 2012. All but about $100 billion of that money is owed to the federal government by some 43 million people. President Joe Biden has said he supports a plan for Congress to cancel as much as $10,000 in debt for federal student borrowers, in part as a response to the pandemic. It’s a proposal that’s been welcomed by some