The White House is releasing more details of President Biden’s $1.5 trillion budget plan. It includes more spending on higher education, but not the broad student loan forgiveness that advocates were hoping for. According to the U.S. Department of Education, roughly one in every six New Jersey adults have federal loans outstanding, billions of dollars worth.
Some of the state’s highest ranking congressional members are pushing back. U.S. Sen. Bob Menendez (D-NJ) and Rep. Bill Pascrell (D-9th) are calling on Biden to forgive up to $50,000 in student loan debt.