Watch President Joe Biden announce the details of his new student loan forgiveness plan, which could benefit millions of Americans as soon as this fall.
Immediately after the Supreme Court rejected Biden's first attempt at wide-scale education debt cancellation, the president said he would seek to forgive the loans another way., this new aid package could still lead to at least partial forgiveness for 25 million Americans, the Biden administration said.
Have been in repayment for 20 years or longer on their undergraduate loans, or more than 25 years on their graduate loans, or 48%, said canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections. SocialSphere, a research and consulting firm, polled 3,812 registered voters, including 2,601 Gen Z and millennial respondents, in mid-March.
The issue is a chance for Biden to differentiate himself from his likely Republican opponent Donald Trump, who has a record of opposing debt relief for students.
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