Biden's Socialist Student Loan Forgiveness Folly Affects 60% of Angelo State University Students

SAN ANGELO – President Biden's student loan debt forgiveness program will affect 60% of students at Angelo State University.  San Angelo LIVE! reached out to Angelo State University to see how students would be affected.

According to ASU Director of Communications and Marketing Brittany Miller, 40% of students graduate debt free.

"Angelo State University is committed to the success of each of its students by providing a quality education at an affordable price to maximize students’ investment," stated Miller. "The institution offers more than 600 scholarships, with 88% of students receiving some form of financial aid. As a result, over 40% of ASU students graduate debt-free."

Miller provided the following statistics about the university. 

Angelo State graduate students on average pay $7,247 for tuition and fees per semester.  

The nation's federal student debt now tops $1.6 trillion after ballooning for years. More than 43 million Americans have federal student debt, with almost a third owing less than $10,000 and more than half owing less than $20,000, according to the latest federal data.

Americans are poised to foot a nearly $300 billion deal with Biden's announcement on Wednesday to forgive thousands in federal student loan debt and extend a repayment pause to next year.