This is all campaign propaganda aimed at the stupid edumacated people. It only applies to $12k or less loans that have been paid down for 10 consecutive years. Those loans are either paid off or very close to it.
Now they put out the number 74,000 soon to be freeloaders. But they have yet to put out the dollar amount. It must be conspicuously low. They are waiting for the court to put a stay on it so they can campaign on loan forgiveness. Most of the 43 million who have student debt will think they were in this group of 74,000 but very very few are.
It’s all for talking points, sound bites, and EV bumper stickers.
EC
And Revcom preprinted protest signs.
EC
I would bet some with loan amounts higher will surprisingly have them cancelled/forgiven too, especially kids of connected Dems.