Brian Tyler Cohen calls this news “breaking,” but it’s really not a surprise to hear that President Joe Biden is “looking at” different options to forgive some, if not all, federal student loan debt. As we reported before, MSNBC’s Mehdi Hasan took a look at the polls and found that Biden’s approval rating among the 18-30 set had dropped a whopping 25 points since his inauguration, and Biden needs those voters to turn out in 2022 and 2024. The solution, according to Hasan: “Biden needs to cancel student debt ASAP.” At least he was upfront about it: it’s not a moral or economics issue, it’s all about buying the votes of the 18-30 demographic.

As we reported back in 2020, Harvard applied for and was awarded $9 million as part of the federal government’s coronavirus relief package, despite the university having a $40 billion endowment.

That sounds about right.

Expect to hear more about student loan forgiveness as we get closer to the midterms.


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