Why Biden Keeps Resisting Cancelling Student Debt

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Two years since candidate Joe Biden tweeted that student borrowers should have at least $10,000 of their debt forgiven, the administration is “in the process of taking a hard look” at whether it should happen, now-President Biden told reporters yesterday. 

The administration has taken several measures to relieve the burden of student debt, but so far, that has not included across-the-board student debt cancellation. Why the long equivocation over such a prominent campaign promise? Despite what cancellation advocates say, universal…