Source: CNBC
Published Fri, Apr 5 2024 11:20 AM EDT
Read more: https://www.cnbc.com/2024/04/05/biden-a ... plan-.html
The Biden administration will soon roll out a sweeping new student loan forgiveness proposal that could impact millions of Americans.
Despite its smaller scope than President Joe Biden’s first education debt relief plan that the Supreme Court ultimately blocked, this new aid package could still forgive the debt for as many as 10 million Americans, according to one rough estimate by higher education expert Mark Kantrowitz.
Biden is planning to provide details of his new debt forgiveness plan during a speech Monday in Madison, Wisconsin, The Wall Street Journal reported on Friday. The president likely wants to start forgiving debt for many student borrowers ahead of the election in November.
Almost half of all voters, or 48%, say canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections, a recent survey found.
