Thursday, February 15, 2024

Breaking: Biden proposes student loan debt relief for potentially hundreds of thousands ‘highly likely’ to default

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Thu Feb 15 2024

Biden proposed a new student debt relief formula. Who might qualify?

President Joe Biden is joined by Education Secretary Miguel Cardona as he announces new actions to protect borrowers after the Supreme Court struck down his student loan forgiveness plan in the Roosevelt Room at the White House on June 30, 2023.

The Biden administration is looking at an ambitious new way to determine which low-income Americans could qualify for student loan debt relief.

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