Thomas Gokey is an organizer with the Debt Collective.
The Biden administration could automatically cancel student debt for all borrowers right now. But its announced “Plan B” for debt forgiveness shows it’s setting itself up to be stymied by the Supreme Court all over again.
Everyone knows the cost of higher education in America is massive and unsustainable. The federal government has played a key role in inflating college costs — but any president, including Joe Biden, could easily change that while wiping out student debt.
Two student loan servicers recently exited the industry after years of atrocious behavior. We can either use this moment of crisis to move toward dystopian student loan solutions proposed by the Right and liberals — or we can just cancel all student debt.