Recently, President Joe Biden announced the U.S. Department of Education will cancel up to $20,000 in student debt for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients. The announcement was a culmination of a campaign promise, though the news caused the websites of loan providers and a federal agency to crash in response to an influx of web traffic.

Ben Kaufman is the Director of Research & Investigations at the Student Borrower Protection Center. Prior to joining SBPC, Ben worked as a Financial Analyst at the Consumer Financial Protection Bureau and in investment banking at JPMorgan. He joined the show to talk about the Biden student debt forgiveness plan.

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