INSUBCONTINENT EXCLUSIVE:
extended a final time until 31 December of this year.Speaking from the White House on Wednesday, Mr Biden said his plan would give more
Top Democrats Senate Majority Leader Chuck Schumer of New York and Senator Elizabeth Warren of Massachusetts, are among those who had pushed
and Ms Warren had asked for.A one-time cancellation of $10,000 for each borrower earning a maximum of $125,000 will cost the federal
government around$300bn, according to an estimate from the Penn Wharton budget model at the University of Pennsylvania.Mr Biden addressed
And others say that blanket debt forgiveness is unfair to those who have already paid off students loans.House minority leader Kevin
lawmakers have pushed back, saying that cancelling student loans helps address economic racial disparities.Black students are more likely to
borrow federal student loans and at higher amounts than other Americans
Brookings Institution study.
Source: BBC
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