"Biden's Student Loan Relief Plan: Key Details for Millions of Borrowers"
TL;DR Summary
President Biden announced a new student loan plan aimed at providing relief to 25 million borrowers with "runaway interest" and other financial hardships, potentially forgiving up to $20,000 of their balance growth due to unpaid interest. The plan, likely to face legal challenges, follows previous executive actions that have already provided relief to millions of borrowers. Biden's push for student loan forgiveness could energize young voters ahead of the upcoming general election, with the plan set to be implemented in fall 2024.
- 5 things to know about Biden’s new student loan plan The Hill
- Biden pitches student loan relief plan that may help more than 30 million The Washington Post
- What to Know About Biden's New Student Debt Relief Plan The New York Times
- President Joe Biden Outlines New Plans to Deliver Student Debt Relief to Over 30 Million Americans Under the Biden-Harris Administration The White House
- Biden releases student loan debt relief plan for millions of borrowers NPR
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