Financial boon awaits AOC and other 'Squad' members if Biden cancels student debt
(www.washingtonexaminer.com)
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Cancelation of student debt will never happen. Even thought they are referred to a Federal Student Loans, they are only backed up by, or co-signed by the federal government. Since the loans are backed by the government, if the government orders the lenders to forgive the debt, the lenders will be able to sue the federal government for the balance owed. I have a small student loan, about 5K, and it's held by Great Lakes Borrowers. Legally, only the entity that holds the debt can forgive it. Ask anyone who is making payments on a student loan who they send their payments to, it's not to the federal government.
Every election year they pull out this dirty trick and the morons fall for it every single time. It’s been going on since Obama and nothing ever happens. Dumb