Recipe and rationale for 100% student loan debt cancellation now
1. Through actions by Congress and then by two Presidents, student loan payments and interest have been suspended for 22 months.
2. President Biden has cancelled $9.5 billion for 563,000 borrowers.
3. There is $1.71 trillion in student loan debt
4. There are 44.7 million student loan borrowers.
5. This represents 17.3% of adults 18 or over. (44.7 million /258 million)