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American Universities Are Buried Under a Mountain of Debt

Joe Biden’s election gave some a glimmer of hope that the current $1.8 trillion mountain of student debt might finally be eliminated. Pressure from social movement groups, including the Movement for Black Lives and the Debt Collective, alongside progressive politicians such as Senator Bernie Sanders and Representatives Pramila Jayapal, Jamaal Bowman, and Alexandria Ocasio-Cortez, have made the once-utopian demand for full student debt cancellation into a distinct political possibility.