President Joe Biden announced last week the cancellation of $1.2 billion in student debt for 153,000 borrowers—an average of $7,843 per borrower. The move is one of dozens he’s made since 2021 in a multi-pronged strategy to deliver on his campaign promise to “forgive a minimum of $10,000/person of federal student loans.”
Dan Currell was deputy undersecretary and senior adviser in the U.S. Department of Education from 2018 to 2021. He is a trustee of Gustavus Adolphus College.
