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President Joe Biden speaks on the student-debt-relief plan in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022, in Washington, DC. Biden gave an update on the student-debt-relief-portal beta test.
President Joe Biden speaks on the student-debt-relief plan in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022, in Washington, DC. Biden gave an update on the student-debt-relief-portal beta test.

Alex Wong/Getty Images

  • With broad student-debt relief, many student-loan borrowers anticipate reforms to payment programs.
  • But whether those reforms can even be set in motion depends on a key thing: more funding.
  • Congress didn't increase funding for Federal Student Aid last year, and the impacts already show.

When it comes to government programs, money really does make the world go round.

Tags
economy, politics, Policy, Student Debt, Student Loans, student loan forgiveness, Biden, Student Aid, Education Department, Elizabeth Warren, Funding, Budget
Source
Biden promised student-loan borrowers cheaper payments and more debt relief. Th…