Biden's new student debt cancellation plan.
Tangle
Introduction
Exploring President Biden's student loan cancellation proposal, its legal implications, and updates on current events, such as a court ruling on abortion and a train derailment lawsuit settlement.
President Biden's new student loan cancellation plan. On Monday, President Biden unveiled a new plan that could erase some or all of the college loans for up to 30 million borrowers. The plan comes less than a year after the Supreme Court blocked a broader effort that would have forgiven an average of $20,000 for roughly 40 million Americans. Today, around 43 million Americans own about $1.7 trillion in student loan debt, or an average of just over $39,500 per borrower.
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What do you think of Biden’s latest student debt cancellation plan? Let us know!
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