"Biden's Rapid Push for Student Loan Forgiveness Plan Sparks Controversy"

President Biden announced a new student debt relief plan that aims to provide up to $20,000 in interest relief to over 20 million borrowers and full forgiveness for millions more. The plan targets various groups, including those with ballooning loan balances, low- and middle-income borrowers, individuals eligible for existing loan forgiveness programs, and those facing hardships due to medical or child care costs. The proposal still needs to be finalized and faces expected legal challenges, but could potentially provide significant relief to nearly 30 million Americans.