• Lawmakers and advocates look for next steps on student debt problem

    11 days ago - By WGN TV

    WASHINGTON - In just a few weeks, the Biden administration says borrowers will be able to apply for student loan forgiveness. With the cost of college still high, many lawmakers and advocates say there's more to do on this issue.
    Millions of people will soon see a drop in their student debt balance after President Joe Biden announced a plan to forgive up to $20,000 dollars for borrowers. It also caps regular loan payments at 5% of someone's income and wipes out loans for some after 10 years of repayment.
    Carmel Martin with the White House Domestic Policy Council says the application for...
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