"Biden Unveils Student Loan Debt Relief Plan for 30 Million Americans"

The Biden administration has unveiled a new plan to eliminate student debt for millions of Americans, offering targeted relief to specific groups of borrowers, including those who've carried debt for many years and those struggling to make payments. The plan aims to cancel up to $20,000 in interest for any borrower, with additional relief for low and middle-income borrowers enrolled in income-driven repayment plans. It also includes automatic discharge for eligible borrowers and relief for long-time borrowers and those experiencing economic hardship. The Education Department must gather public comment on the proposal before issuing a final version of its plan, and it is expected to face legal challenges.