Student Loan Planner Biden’s Mixed Legacy on Student Loans (and What It Means for the Future)
Over the past four years, student loans have been at the center of some of the most dramatic changes we’ve ever seen — both good and bad. We’ll explore the Biden administration’s legislative and executive actions, such as making student loan forgiveness tax-free through the American Rescue Plan, the PSLF waiver, and the introduction of the SAVE plan. Along the way, we’ll unpack the political pressures Biden faced, comparisons to FDR, and the influence of key players like Senator Warren and Richard Cordray. In addition, we’ll examine the political ramifications and speculate about the future of student loan policies under a Republican-controlled government.
Key moments:
(06:13) Misrepresented loan repayments paved the way for executive actions
(11:01) A once-in-a-generation opportunity to rewrite the social contract
(17:57) Why Republicans saw an opening to sue over student loan cancellation
(21:13) The SAVE plan’s billion-dollar promise — and why it was never realistic
(26:08) Are plans in motion to roll back Biden’s student loan reforms? What we’re hearing
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