"Biden's Progress on Student Loan Cancellation and Gun Violence Prevention Initiatives"
President Biden's proposed regulation for student loan cancellation, which aims to cancel or reduce loans for more than 25 million Americans, has been filed by the Education Department. The plan includes targeted relief for various categories of borrowers, such as those with high interest, long repayment periods, and low financial value programs. The proposal is expected to go through a public comment period and review before being finalized, with the Biden administration aiming to start implementing some parts as early as this fall. Republicans are opposed to broad student loan cancellation, while the White House is confident in the plan's legal standing.
