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Biden Scales Back Student Debt Relief

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“The Biden administration is curtailing its sweeping student debt relief program for several million Americans whose federal student loans are owned by private companies over concerns the industry would challenge it in court,” Politico reports.

“The Education Department will no longer allow borrowers with privately held federal student loans to receive loan forgiveness under the administration’s plan… The administration had previously said that those debt-holders would have a path to receive the administration’s relief of $10,000 or $20,000 per borrower.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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