Pollak: Biden’s Student Loan Bailout Adds Insult to Working-class Injury



President Joe Biden is set to announce student loan forgiveness of $10,000 — and perhaps more — for lower-income debtors on Wednesday, in a move that is unconstitutional, unfair, and dangerous for the stability of our economy and our democracy.

There is no doubt that some borrowers would benefit from student loan relief — especially young people, low earners, borrowers in the black community. It would help them avoid default, and perhaps allow some to enter the housing market.