Americans who wanted to know the status of their student loans following Joe Biden’s announcement of long-awaited debt cancellation may have been out of luck, depending on when they logged on.
The announcement by the president on Wednesday that he would cancel $10,000 in student loan debt for many borrowers and up to $20,000 for Pell Grant recipients was widely celebrated on social media, though conservatives were predictably enraged by the news. Many supporters of the decision pointed out how student loan debt disproportionately affects minority communitities who, like all Americans, were sold the idea for decades that college provides a ticket to upward financial mobility.
