A former Clinton administration adviser said he opposes a plan from President Joe Biden to cancel up to $10,000 in student loan debt for many borrowers.
“For that amount of money, you could fund free pre-K for every three- and four-year-old for 10 years,” Paul Begala, who is currently a CNN pundit, told CNN on Sunday. “You would do a lot more good for poor people … and the underprivileged by doing pre-K. You could forgive all medical debt, which, unlike student debt, is not freely entered into.”
Last week, Biden announced that individual borrowers who make less than $125,000 annually and married couples or heads of households who make less than $250,000 per year will have up to $10,000 of their loan debt forgiven if they didn’t get a Pell grant. Up to $20,000 will be given to individuals who make less than $125,000 annually and married couples or heads of households who make less than $250,000 per year if they did receive a Pell grant….