Biden to Announce Student Debt Relief Plan for Millions of Americans

President Joe Biden is set to unveil new plans aimed at canceling or reducing student loan balances for millions of Americans after the Supreme Court struck down his large-scale debt forgiveness attempt last year.

The White House expects the latest proposal, when combined with previous actions taken by the administration, to benefit over 30 million Americans in total.

The president is scheduled to announce his plans on Monday during his trip to Madison, Wisconsin. He will also meet with borrowers who have benefited from his debt relief efforts.

“If these plans are finalized as proposed, altogether, this administration will begin to cancel up to $20,000 in interest for millions of borrowers and full loan forgiveness for millions more this fall,” Secretary of Education Miguel Cardona told reporters during a call.

“That’s on top of the $146 billion in student loan debt relief for 4 million Americans that we’ve already approved,” he said.

Read Full Article Here

Follow us

Read our latest news on any of these social networks!

Get latest news delivered daily!

We will send you breaking news right to your inbox


Have a tip? Let us know!

Recent Articles

  • by:
  • Source: NY Post
  • 04/17/2025
...
Puerto Rico hit with massive island-wide blackout ahead of Easter weekend

An island-wide blackout hit Puerto Rico on Wednesday as the largely Catholic residents of the U.S. territory prepared to celebrate the Easter weekend, officials said.

...
Democrat Van Hollen Travels to Deported Migrant in El Salvador

Democrats and their media allies are portraying a deported illegal migrant from El Salvador as a martyr of U.S. migration policy, so helping President Donald Trump’s deputies spotlight the Democrats’ sympathy for criminal illegals.

...
China Faces 245% Trump Tariff

The White House said China is facing up to a 245 percent tariff on imports to the U.S. "as a result of its retaliatory actions," as the trade war between the world's two largest economies continues to heat up.

...
Illegal border crossings hit record low second month in row

Since President Donald Trump’s been in office, illegal border crossings reached record lows in March, reversing Biden administration illegal crossings, which were the highest in recorded U.S. history.