
The Journal.
Biden’s New Plan to Cancel Student Debt
Apr 9, 2024
Andrew Restuccia, a Wall Street Journal reporter specializing in domestic policy, dives into Biden's ambitious plan to cancel student debt for nearly 30 million borrowers. He discusses how this move aims to regain the trust of progressive and young voters ahead of the election. The conversation highlights Biden's evolving views on debt forgiveness and the legal hurdles he faces. Restuccia also emphasizes the urgency of this initiative, given the skepticism among young voters regarding financial struggles and the political stakes involved.
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Quick takeaways
- Biden's student debt plan appeals to progressives and young voters pre-election.
- Biden navigating a complex legal process under the Higher Education Act for debt relief.
Deep dives
President Biden's Reintroduction of Student Debt Cancellation
President Biden has reintroduced a program to cancel student debt, aiming to provide relief to hardworking Americans and bolster the economy. Despite facing challenges previously, Biden is retracing this initiative as a crucial move, especially in an election year where he needs support from young voters, a significant demographic burdened by student loans.
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