Biden student debt plan fuels broader debate over forgiving borrowers
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When he heard that President Biden was canceling billions in student debt, attorney Eric Steiner immediately thought of the father of five he is defending in bankruptcy court. This client lost his job during the coronavirus pandemic and has been crushed financially by a mortgage he is unable to pay, but he has no student debt and won’t benefit from the new policy.
“When I saw the news, I felt the inequity for my clients who did not have student loans and could really use those funds,” said Steiner, 39, who often represents low-income people in bankruptcy proceedings in the Baltimore area. “I think it’s a good move, mostly — but it’s a little unfair for people who are still struggling and don’t have student loans.”
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