Today, Explained
Back to school loans
Aug 22, 2023
Danielle Douglas-Gabriel, a higher education reporter for The Washington Post, dives into the intricate world of student loan debt and forgiveness. She discusses President Biden's ongoing struggle to relieve student debt amidst legal roadblocks. The transformation brought by the administration's initiatives is highlighted, showing how over $116 billion has been forgiven for millions. Douglas-Gabriel also examines the political implications and public sentiment surrounding student loans, revealing their critical importance in upcoming elections.
25:54
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Quick takeaways
- President Biden continues to explore alternative paths for student debt forgiveness despite a Supreme Court defeat.
- The Supreme Court ruling on student debt forgiveness has sparked discussions about interest rates, targeted relief, and reforming the student loan system.
Deep dives
President Biden's student debt forgiveness plan faces challenges
President Biden attempted to pass a student debt forgiveness plan through executive power alone, but it was struck down by the Supreme Court. However, he continues to fight for student relief and explore alternative paths to provide debt forgiveness to those in need.
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