Nearly one in five Americans are saddled with student debt, according toThe Washington Post.
While former presidents have made efforts to reduce this debt, no one has offered loan forgiveness until now.
Some people will even have their student debt completely eliminated.
Throughout his tenure, President Biden’sapproval ratings have been low.
However, recent Democratic victories have already made a mark on the president’s ratings.
Today’s announcement may be key to even more dramatic movement.
Many voters even Democrats seemedunlikely to support Biden’s plans for re-election.
Republicans disapproved, but optimistic Democrats helped boost Biden’s approval rating to 41%.
How today’s announcement will further impact Americans' trust in the president remains to be seen.
