Students at a sit-in at the Massachusetts State House in Boston, May 2019. Photo: Craig F. Walker/The Boston Globe via Getty Images

A senior Trump administration student-loan official appointed by Education Secretary Betsy DeVos resigned Thursday and said he would endorse outstanding student debt cancellation, calling the system "fundamentally broken," the Wall Street Journal reports.

The state of play: A. Wayne Johnson, who was the chief operating officer of the Office of Federal Student Aid before becoming the agency's chief strategy and transformation officer, said it's probable that much of the debt will never be repaid, citing repayment trends.

"We run through the process of putting this debt burden on somebody ... but it rides on their credit files — it rides on their back — for decades. The time has come for us to end and stop the insanity."
— A. Wayne Johnson told the WSJ

The big picture: The idea of wiping the $1.5 trillion student loan deficit clean is in the national spotlight after several Democratic candidates, including Elizabeth Warren and Bernie Sanders, incorporated it as a key campaign promise.

  • Roughly one-fifth of all student debt — federal and private, excluding students currently enrolled — is at least 90 days delinquent, according to the New York Federal Reserve, reports WSJ.

What's next: Johnson is planning a long-shot run for Republican Sen. Johnny Isakson's soon-to-be-vacated Georgia seat.

Go deeper... Special report: Higher education's existential crisis

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Updated 12 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 20,158,258 — Total deaths: 738,063 — Total recoveries: 12,388,686Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 5,116,791 — Total deaths: 164,137 — Total recoveries: 1,670,755 — Total tests: 62,513,174Map.
  3. States: Florida reports another daily record for deaths State testing plans fall short of demand.
  4. Axios-Ipsos poll: 1 in 2 has a personal connection to COVID-19.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. 🏈 Sports: Big Ten scraps fall football season due to coronavirus.
19 mins ago - Sports

Big Ten postpones fall sports due to coronavirus

Photo: Joe Robbins/Getty Images

The Big Ten announced Tuesday that it has voted to postpone its 2020 fall sports season, including football, due to risks posed by the coronavirus pandemic, hoping instead to play in the spring.

Why it matters: The move from one of the most prominent conferences in college sports will almost certainly prompt other Power Five leagues to follow suit.

13 of Biden's former rivals to appear together at Democratic convention

Democratic presidential candidates at the primary debate in Charleston, SC. Photo: Win McNamee/Getty Images

In a show of unity at the Democratic National Convention, 13 of Joe Biden's former 2020 challengers will appear via video to talk about the party's vision for the country and how they'll work with Biden to get it done.

Why it matters: Coalescing around Biden and his eventual running mate will help Democrats head into the general election against President Trump with a united front — unlike what they did in 2016.