A $12 Billion Student Loan Break Puts Chile Leader on Back Foot
- Boric pledged to forgive college student debt once in office
- Minister shifts wording from debt “forgiveness” to “solution”
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Chilean President Gabriel Boric is increasingly grappling with a progressive campaign promise that has proved harder in practice to fulfill: forgiving $12 billion in student loans.
Boric is planning to introduce a proposal on college debt in September and is expected to discuss the issue in his annual address on Saturday, even as top officials shift their wording from “forgiveness” to “solution.” It appears to be a renewed push from a president eager to regain his footing, especially among the powerful contingent of young voters who helped catapult him into the presidency.