In an effort to aid the economy after the COVID-19 pandemic, former US Secretary of Education John King wants to forgive all $1.7 trillion of student loans.
Former U.S. Secretary of Education John King has a proposal to forgive all student loans in an effort for economic recovery.
Americans still owe $1.7 trillion in student loans, according to CBS News.
In the 1980s, the federal government paid around 80 percent of college students’ fees through the Pell Grant program, according to King.
“We’ve got to make up for that policy mistake of the last 40 years by addressing the crushing burden of student debt that so many young people feel today and fixing the problem going forward by committing to debt-free college in the United States,” he said.
This article was originally posted by IE Staff for Inside Edition. Please read the full article here.
