Sen. Schumer, Rep. Ayanna Pressley, Rep. Ilhan Omar, And Rep. Mondaire Jones
Senate Majority Leader Chuck Schumer (D-NY) speaks during a press conference held to celebrate U.S. President Joe Biden cancelling student debt on Capitol Hill on September 29, 2022 in Washington, DC.
  • Some want the government to forgive specific amounts of student loans. Others argue that's not fair.
  • The government should reduce the interest rate on federal student loans, and forgive any that's accrued.
  • This helps the people who most need it while avoiding the moral hazard of paying off the principal. 

The debate over how or if to forgive student debt has split the country.