A Review of the Federal Student Loan Debt Relief Plan
DOI:
https://doi.org/10.47611/jsrhs.v13i2.6704Keywords:
Federal student loan debt relief plan, Biden-Harris Administration, Higher Education, Policy Analysis, Government Spending, Student Loan Forgiveness, Educational Policy, Social ProgramsAbstract
The Biden-Harris Administration's federal student loan debt relief plan aims to relieve student loan debt burdens from the United States. Their relief plan impacts the overarching national economy with multifaceted effects on the economy and attainment of vital life milestones. This paper explores the multifaceted effects and their impacts. It utilizes a Cost-Benefit Analysis to assess the potential limitations and transformative impact the plan could have on America’s socio-economic landscape. The contents of this paper highlight the complex interplay between the economy and societal well-being and the many factors that affect policymaking.
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