Biden Student Loan Amnesty a Windfall for DC Staffers
25th August 2022
Student debt forgiveness is personal for the Biden administration. About one in five of the White House aides required to file a financial disclosure, as Bloomberg News previously noted, reported owing student debt. Collectively, those 30 senior White House staffers owe as much as $4.7 million. Those personal finances are not unusual in the nation’s capital.
There is more outstanding student debt in Washington than in any other city in the country. The average debtor in D.C., according to a 2021 breakdown by the small business analyst, AdvisorSmith, owes $54,982 in unpaid student loans. This includes many political staffers at the Department of Education, senior advisors as well as junior aides who moved to that agency from the Biden campaign.