President Joe Biden touted a new pathway for debt relief that kicked into gear Wednesday for 153,000 student loan borrowers, calling it a ticket to “chase dreams” in a speech in Culver City, California, and highlighting a key part of his 2024 campaign strategy.
“Folks, I’m happy to have been able to forgive these loans because when we realize and relieve Americans of their student debt, they’re free to chase their dreams,” Biden told a small group gathered at Julian Dixon Public Library.
The debt relief announced Wednesday is for those enrolled in a new student debt repayment plan rolled out this past fall, who took out a small initial balance and have been paying it down for a decade or longer.
“This action will be a huge help to grad…
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