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Biden Unveils Plan to Free Students from ‘Unsustainable Debt’

  • Progressives who sought higher debt forgiveness praised plan
  • Biden to pause repayments one final time through December 31
Bloomberg business news
Biden to Forgive Up to $20,000 in Student Debt
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President Joe Biden announced a sweeping package of student-debt relief that forgives as much as $20,000 in loans for some recipients, a move he said would help a generation “saddled with unsustainable debt.”

“The burden is so heavy that even if you graduate you may not have access to middle-class life that the college degree once provided,” Biden said Wednesday at the White House.