Man trying to solve complicated economic problems on a chalk board Source: Shutterstock.

President Biden’s plan to forgive up to $20,000 in federal student loan debt next year will provide relief to about 27 million Americans — and some of them might be at a credit union near you.

The extent of the benefit is wide, and it raises questions about how the lightening of balance sheets for millions of Americans will affect their ability to repay other existing loans and their capacity to borrow for other needs. And how might it affect inflation?

Jim DuPlessis

A journalist for decades.

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