Policymakers across the political spectrum have expressed a desire to rework the federal student loan program, whose portfolio has ballooned to more than $1.7 trillion as college costs soared.
However, they deviate on party lines on the best way to accomplish this. While Republicans have pitched policies like dropping loan forgiveness plans and capping graduate student loans, the Biden administration has aggressively moved to cancel student loan debts, even outside of the mass forgiveness proposal.
