White House Chief of Staff Ron Klain said a decision on student loan forgiveness through executive action would be made before the payments resume.
because college graduates tend to be higher earners more likely to redirect their monthly bill to savings than additional spending.
Yet progressives and advocates say the student debt crisis has caused the most pain for women, people of color and those who didn't come from wealthy families who could foot the rising costs of a college education.
Yet he hopes that the administration doesn't forgive $10,000 only to"sweeten restarting payments." He and others are advocating for cancelling all of student debt. "Cancelling $10,000 is the same thing as cancelling nothing for the vast majority of people," he said."We need to get everyone to zero."
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