SOFI - Millions of Americans could be eligible for student loan forgiveness under new proposal
2024-04-09 06:23:54 ET
The Biden administration is doubling down on efforts to cancel student loan debt, with several new initiatives that are aimed at forgiving the bills of around 30M Americans. "While a college degree still is a ticket to the middle class, that ticket is becoming much too expensive," President Biden declared. "I'm not stopping." The latest proposals build on the dozens of executive actions taken to cancel $146B for 4M borrowers, which followed a Supreme Court decision from last summer that struck down a broader proposal aimed at eliminating nearly a quarter of America's $1.7T in outstanding student debt....
Millions of Americans could be eligible for student loan forgiveness under new proposal