Kamala Harris says that these students will receive student loan forgiveness and tuition-free college if Joe Biden is elected president.
Here’s what you need to know.
Cancel Student Loan Debt
Sen. Harris (D-CA), the Democratic nominee for vice president, said that a Biden-Harris administration would cancel student loan debt for some students at Historically Black Colleges and Universities (HCBU’s). During a roundtable, Harris discussed the nation’s student loan debt crisis, which now affects more than 45 million borrowers who collectively owe $1.6 trillion.
“In relation to the history of HBCUs, [students] decide to take on a profession of service, which often does not pay as well as if they go into the private sector and do other things,” Harris said. “So for those students who come out and have jobs that pay less than $125,000, student-loan debt will also be forgiven.”
Biden and Harris support student loan forgiveness. However, Harris and Biden do not support wide-scale student loan forgiveness that would forgive all your student loan debt. For example, neither Harris nor Biden support a proposal from Sen. Bernie Sanders (I-VT) to cancel all $1.6 trillion of federal and private student loan debt.