What Will the Impact Be of Cancelling Student Debt?

What Will the Impact Be of Cancelling Student Debt?
Activists call on President Joe Biden to not resume student loan payments in February and to cancel student debt, near The White House on Dec. 15, 2021. Paul Morigi/Getty Images for We, The 45 Million
Emel Akan
Emel Akan
Reporter
|Updated:

President Joe Biden is making a final decision on whether to fulfill his campaign pledge to cancel student loans at a politically precarious time.

Biden wants to avoid alienating his young supporters ahead of the November elections, but he faces a tough choice as canceling student debt in the midst of high inflation might spark a backlash, potentially costing him the midterms.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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