Biden administration officials on Monday unveiled the details of a new plan to forgive student loan debt. But first, the plans must be finalized – a process that could take months – and must withstand any potential legal challenges.
Biden administration officials on Monday unveiled the details of a new plan to forgive student loan debt , suggesting that millions of Americans could start seeing debt relief as soon as this fall.The new set of proposals, which CNN reported on Friday, have yet to be finalized. It's President Joe Biden 's second attempt to implement broad student loan forgiveness . His first plan was struck down by the Supreme Court last summer.
It's a different process from what the Biden administration used in its first attempt to provide sweeping loan forgiveness, which would have canceled up to $20,000 in student loan debt for borrowers earning $125,000 or less a year.The new plans target specific groups of borrowers. If implemented as proposed, borrowers could see relief if they fall into any of the following categories:Those who have balances bigger than what they originally borrowed due to interest.
Joe Biden November Election Studen Loans College Education Financial Aid Financial Relief New Student Loan Forgiveness Plan Student Aid Student Debt Student Loan Debt Student Loan Forgiveness Student Loan Repayment University Jsnd
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mainly cloudy, windy Monday; Rain, storms late Monday nightMontgomery, Alabama
Read more »
Biden could receive down-ballot boosts in November from more popular DemocratsJoe Biden could be boosted by Democratic candidates who are more popular than him on the ballot in swing states and abortion measures that could drive turnout.
Read more »
Biden stresses importance of November election in call with Obama and PelosiPresident Biden stressed the importance of Obamacare in the coming presidential election during an organizing call with former President Obama and former House speaker Pelosi.
Read more »
Biden and Trump face uphill battle to keep young voters’ attention until NovemberA new poll finds Trump winning in Michigan and an even split between himself and Biden in Pennsylvania.
Read more »
Opinion: Nothing Biden Does in the Israel-Hamas War Will Affect My Vote in NovemberThere is a lot of speculation among pundits about how the Israel-Hamas War will affect the 2024 presidential election. I can’t speak for others, but nothing that President Joe Biden does regarding the conflict will change the vote I plan to cast for him in November. To be clear, I...
Read more »
Trump and Biden struggle to quash party rebellions ahead of November rematchJoe Biden and Donald Trump faced protest votes in Tuesday's primaries in Ohio, Kansas, Florida, Illinois, and Arizona.
Read more »