Author: Randall Barranco

– 202404Biden 83497 1

President Joe Biden will announce a significant new plan next week to forgive federal student loan debt for new groups of borrowers. This comes almost a year after the Supreme Court rejected his administration's first attempt to relieve debt for millions of college attendees. Biden will discuss his new plan on Monday in Madison, Wisconsin. Three people familiar with the plans confirmed this. The new effort is a fulfillment of Biden's promise after the Supreme Court rejected his initial $400 billion proposal in June, with the majority of justices saying it needed congressional approval. The president called that decision a "mistake" and "wrong."

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