"Biden Unveils Ambitious Student Debt Relief Plan for Over 30 Million Borrowers"
President Biden is set to announce new plans to provide student debt relief, including canceling runaway interest for millions of borrowers and nullifying debt for those eligible for certain forgiveness programs. The administration's actions, in combination with previous efforts, aim to provide relief to over 30 million Americans, including eliminating accrued interest for 23 million borrowers and canceling the full amount of student debt for more than 4 million borrowers. The plans come after the Supreme Court struck down Biden's original proposal to cancel up to $20,000 in debt for about 43 million eligible borrowers and are part of efforts to address the disproportionate burden of student debt on vulnerable communities.