Student debt forgiveness - Youth marijuana use increase - Texas targets green investing

President Biden announced that he will forgive $10,000 in federal student debt for most borrowers. Biden will cancel up to $20,000 for recipients of Pell Grants. The relief will be limited to Americans earning under $125,000 per year, or $250,000 for married couples. The relief is also capped at the amount of a borrower’s outstanding eligible debt.
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In all, nearly 45% of borrowers, or almost 20 million people, would have their debt fully canceled, Biden said. Only about half of borrowers were in repayment in 2019. A quarter — over 10 million people — were in delinquency or default, and the rest had applied for temporary relief.
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Critics of student loan forgiveness have questioned the fairness of directing relief at those who have benefited from a college education, which usually leads to higher wages. [Advocates argue] mushrooming tuition prices coupled with stagnant household wages over the last 40 years have forced more families to borrow to attend college, an increasingly necessary step to reach the middle class.