Biden administration preparing to announce new proposals to reduce, cancel student loan debt ...Middle East

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By Arlette Saenz and Betsy Klein, CNN (CNN) — The Biden administration is preparing new proposals aiming to reduce or cancel student loan debt for millions of borrowers, two sources familiar with the plans told CNN, another attempt to address a key issue facing voters before November’s election. The expected proposals come nearly 10 months after the Supreme Court struck down President Joe Biden’s original student loan forgiveness program, which aimed to deliver up to $20,000 of relief to millions of borrowers struggling with outstanding debt. At the time, the president vowed to pursue another student relief approach by using a different legal authority. The Department of Education soo

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Last updated : 05 April 2024 clock 04:45 PM

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Biden administration preparing to announce new proposals to reduce, cancel student loan debt ...Middle East

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