President Joe Biden announced another wave of federal student loan forgiveness on Wednesday
WASHINGTON — , according to a White House official, as borrowers brace for payments to restart after a three-year pause that began during the COVID-19 pandemic.
The official requested anonymity ahead of the announcement, which Biden is scheduled to make at the White House at 1 p.m. ET. He’s been relying on a patchwork of different programs to chip away at debt, such as public service loan forgiveness and the SAVE Plan, which lowers payments by tying them to borrowers’ income.
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