As the debate regarding waiving of the student debts is getting heated, a step further towards has been taken by the Biden government. They have addressed the Corinthian College fraud scandal that happened a decade ago. Students were cheated on by this college and after ten years of this incident, $5.8 billion for more than 560,000 borrowers have been waived off. This is the largest amount of single debt ever that has been forgiven. Vice President Kamala Harris said that this was a historic decision and justice has yet again prevailed. During elections Biden as a candidate expressed his desire to cancel the debt of USD 10000 per person if he became the president. During the pandemic, Donald Trump freezed the debt payments and Joe Biden has since then kept the cancellation intact, whilst looking for a more permanent solution.
