Biden says he has forgiven nearly 4 million Americans’ student debt

President Joe Biden claimed this Wednesday to have canceled the student debt of “nearly 4 million Americans” and announced a new condonation measure.

“Too many Americans are still burdened with unsustainable debt in exchange for a college degree,” complained Biden, his re-election candidate, during a speech in California.

According to the US government, Biden has eliminated altogether About $138 billion in student loans were made to about $3.9 million of Americans since arriving in the White House in 2021 after winning the election thanks in part to the vote of young people.

The 81-year-old Democrat had promised to do much more with a plan that would have canceled hundreds of billions of dollars in debt, but the Supreme Court, which has a majority of conservative justices, rejected it.

As a result, Biden had to settle for that take twenty more modest measures.

The measure announced Wednesday will benefit certain borrowers who have already paid back ten years and borrowed a maximum of $12,000.

The White House estimates the measure will provide $1.2 billion in debt relief and benefits 153,000 people who receive an email signed by the President.

The Democratic campaign team tries to win the sympathy of young people, so far not very enthusiastic about his candidacy. On Wednesday, he delivered a message from Florida’s young congressman Maxwell Frost.

“The president’s approach to student debt stands in stark contrast to Trump, who spent his entire term in office sabotaging efforts to help borrowers make ends meet,” he said.

According to a poll released Wednesday by Quinnipiac University, Joe Biden and former Republican President Donald Trump are tied in voting intentions among young people ages 18 to 34 (47 percent for the former, 45 percent for the latter).

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The poll also suggests that the Democrat would be even less popular among this age group than his conservative rival: a 30 percent of opinions support Joe Biden and 39 percent to Donald Trump.

With information from AFP.

ORP

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