How The Biden Administration Is Addressing Student Loan Debt

The video discusses the current state of student loan debt in the U.S., highlighting the $1.75 trillion owed nationwide. It covers President Biden's campaign promise to cancel student debt and the political challenges he faces in fulfilling it. The video outlines recent changes, including the temporary suspension of loan payments, reforms in public service loan forgiveness, and a notable case of debt cancellation through bankruptcy. Despite these changes, pressure remains on the administration to do more, as millions of borrowers still struggle with debt.

What is the total amount of student loan forgiveness discussed for those who attended certain for-profit colleges?

• $100 million

• $200 million

• $300 million

• $400 million

Which state has an average student loan debt of over $30,000?

• New Jersey

• Wisconsin

• Montana

• Florida

Since when have federal student loan payments been temporarily halted?

• March 2020

• July 2020

• May 2020

• January 2020

Who is now eligible for loan forgiveness under the new public service waiver?

• Teachers, police officers, government employees, and some nonprofit workers

• Only teachers

• Only police officers

• Only government employees

What recent legal decision in New Jersey affected student loan bankruptcy policies?

• A judge increased the interest rates

• A judge reduced the repayment period

• A judge canceled over $100,000 in student debt

• A judge upheld the existing policies