This is an opinion editorial by Robert Hall, a content creator and small business owner.

President Biden on Wednesday announced a student loan relief package designed to lower the debt of millions of Americans across the country. Current and former students with student loans are poised to have $10,000-$20,000 in debt wiped out, depending on the loan type.

It is estimated that 43 million Americans will receive some benefit from this new plan. This may be a good thing because people struggling to pay their student loans were likely never going to pay them back in the first place. Is this a good policy? It depends on who you ask. If you ask a Democrat, they might say Biden’s plan doesn’t do enough to help low- and middle-income Americans.

By Antoni