Biden’s Student Loan Freeze Shows Path to Erase Billions of Debt

Bloomberg, Jan. 22, 2021–Shahein Nasiripour
Thanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 billion of student loans with no immediate hit to the Department of Education’s massive portfolio. Yet it didn’t do it. Now, perhaps Joe Biden will.