On Thursday, November the third CNM was visited by President Joe Biden, Governor Michelle Lujan Grisham, Senator Ben Ray Lujan, and Congressional Representatives Melanie Stansbury and Teresa Leger Fernandez
President Biden reaffirmed his commitments to reduce economic burdens for students. However, as of the time of this publication, it should be noted that the 8th Circuit Court of Appeals has deemed the measure unconstitutional. It is not known if the injunction will be appealed (Source CNBC).
While speaking, President Biden stated that the vast majority of holders of student debt are in delinquency and will most likely never pay their dues back to the federal government. Forgiveness allows the government to focus its forces on recouping viable loans. While allowing forgiven borrowers to avoid financial destitution.
By Senior Staff Reporter; Jonathan Wolfgang
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