What Does President Joe Biden’s Cancellation of $5.8 Billion In Student Loans Say About the State of Today’s Economics? (Guest: Brett Winterble)
After an outcry for what seemed like months on end, the U.S. Department of Education has made the decision to cancel about $5.8 billion in outstanding student loans across 560,000 borrowers. It acts as the largest single loan forgiveness action taken by the government to date. However, it looks like it’s focused on anyone that attended schools operated by Corinthian Colleges, which filed for Chapter 11 bankruptcy in 2015 and has since closed down. This … Read more
