Warren Says Student Debt Relief Will Still Tame Inequality and Inflation.

WARREN, Elizabeth, 1949-; BIDEN, Joe, 1942-; DEBT relief; STUDENT loan debt; PRICE inflation; EQUALITY; STUDENT loans; WHITE House staff

Keywords: ALLTOP; BUSINESS; EXE; GEN; GLOBALMACR; GOV; MARKETS; NORTHAM; TOP; US; WORLD; WWTOP; WWTOPAM EN ALLTOP BUSINESS EXE GEN GLOBALMACR GOV MARKETS NORTHAM TOP US WORLD WWTOP WWTOPAM RH6PBET1UM0W (Bloomberg) -- Senator Elizabeth Warren, who lobbied hard for President Joe Biden to forgive $50,000 in student loan debt per borrower, said his much smaller plan can still address racial and gender wealth inequality and help tame inflation. Biden also extended a moratorium on federal student loan repayments through Dec. 31 and proposed a new income-driven repayment plan that would cap monthly payments at 5% of the borrower's discretionary income. [Extracted from the article]

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