President Biden to Announce Plan to Cancel Student Debt

Administration officials are up against a ticking clock to go through the remaining regulatory hoops to finalize and implement the president’s plan.

Vice President Kamala Harris will be in Pennsylvania, and second gentleman Douglas Emhoff will travel to Arizona. Education Secretary Miguel Cardona will travel to New York. “President Biden will use every tool available to cancel student loan debt for as many borrowers as possible, no matter how many times Republican elected officials try to stand in his way,” White House Press Secretary Karine Jean-Pierre told reporters in previewing the plans Sunday.

Another approximately 200,000 borrowers who attended “low-value programs” would also see relief. The administration is also pursuing efforts to provide relief to “millions” of borrowers experiencing financial hardship, though it did not specify precisely how many borrowers would be covered by that part of the plan.

The announcement comes as Biden is seeking to make it clear to voters in battleground states what his administration has done to fulfill his student debt relief campaign promises. Early 2024 polls have also shownAlso looming over the administration’s efforts is the inevitable legal challenge from Republican-led states or other conservative groups that have railed against the idea of mass loan forgiveness as illegal.

President Biden Student Debt Cancellation Supreme Court Election Year Promise Wisconsin

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