The exorbitant rise in the cost of a college education, combined with stagnant wage growth for most Americans, has created a crisis of debt for many students. There is currently about $1.7 trillion of loan debt for students. This is keeping them from buying the things their parents were able to buy at the same point in their lives, and that is a drag on the country's economy.
Many want President Biden to eliminate, or significantly reduce this loan debt. And currently he is considering doing that. Here, from Vox.com, are his three options:
