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The Biden administration has wiped out debts for eligible public service workers, permanently disabled borrowers, defrauded students and people whose schools abruptly closed while they were enrolled.
What we consider before using anonymous sources.
How do the sources know the information? What’s their motivation for telling us? Have they proved reliable in the past? Can we corroborate the information? Even with these questions satisfied, The Times uses anonymous sources as a last resort. The reporter and at least one editor know the identity of the source.
Mr. Biden’s decision is likely to draw criticism from the left and the right. The amount of debt cancellation Mr. Biden is considering does not go nearly as far as many Democratic lawmakers and progressive groups, including racial justice advocates, have asked for. Senator Chuck Schumer of New York, the majority leader, other influential Democrats and several civil rights organizations have pushed Mr. Biden to forgive $50,000 per borrower.
White House officials have quietly been preparing for months for the likelihood that Mr. Biden would ultimately decide to pair targeted loan forgiveness with an eventual restart of payments.
Administration officials say that the combination of eventually restarting payments while forgiving debt for a targeted group will not add to rising prices and that the relief will aid lower-income borrowers who are struggling to afford soaring food and rent.
But Republicans and some Democratic economists say the policies will add to inflation by giving consumers more money to spend.
Derrick Johnson, the president of the N.A.A.C.P., said on Tuesday that if Mr. Biden moves forward with the plan of providing just $10,000 of relief with income caps, “we’ve got a problem.”
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