The proposal would affect nearly 30 million people and would target groups that have had hardships in repaying their loans.
President Biden released details on Monday of his new student loan debt forgiveness plan for nearly 30 million borrowers.
The proposal still needs to be finalized and will have to withstand expected legal challenges, like the ones that doomed Mr. Bidens first attempt to wipe out student debt on a large scale last year.
Biden administration officials said they could begin handing out some of the debt relief including the canceling of up to $20,000 in interest as soon…
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