"Biden's Student Debt Relief: A Game-Changer for Dream Pursuers"

1 min read
Source: ABC News
"Biden's Student Debt Relief: A Game-Changer for Dream Pursuers"
Photo: ABC News
TL;DR Summary

President Biden announced a new student debt relief plan benefiting 153,000 borrowers enrolled in the SAVE repayment program, emphasizing its potential to help individuals pursue their dreams. The plan includes forgiveness of unpaid interest, reduced monthly payments, and aims to make 85% of community college students debt-free within 10 years. Biden's efforts to address student debt on the campaign trail come after the Supreme Court overturned his previous debt relief policy, and the administration is working on a new proposal that could provide relief to a wide range of borrowers based on individual circumstances.

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