origin, debates and recommendations: a critical review of biden’s student debt relief plan

In response to escalating higher education costs and interest rates, addressing the mounting burden of student debt in the united states is imperative. while federal-level student loan forgiveness policies have emerged periodically, alleviating the weight of educational borrowing remains a pressing concern for the biden administration. biden’s student debt relief plan employs a blend of incentive and authoritative policy tools. however, questions persist regarding its potential impact on racial justice, student welfare, and specific borrower categories. as implementation unfolds, addressing these concerns and challenges is essential to ensure the plan effectively meets the repayment needs of diverse borrowers while mitigating the risks associated with disparities related to race and wealth.