Recently a few handful of democrats have come into the limelight after talking about the prospects of cancelling student's loans. The democrats have been asking for the approval of the President Joe Biden for the cancellation of total student loans as a sign of the promise he made about racial equality and adherence to the Democratic Party that gave him crucial votes during the elections. On the other hand Biden takes about cancelling loans upto USD 10000 but remains adamant about his decision of not cancelling the loans of students graduating from elite schools like Harvard and MIT. Instead he demands of using that money on the early education of the underprivileged and poor children.
