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Student Loans: Biden Announces Extra $9B in Debt Relief for 125K Americans

  • #Education
  • #Finance
  • #Schools
story
OCT 2023
Image copyright: Wikimedia Commons
story last updated JUN 2024

The Spin

Democratic narrative

Millions of borrowers are eligible for student debt relief but have been unable to access the support they are qualified for. Biden is working to remove these barriers to access and fix this broken system in order to support hardworking Americans.

Associated Press

Republican narrative

Relieving student debt is unfair to those who will be paying for it but not reaping the benefits of a college education and will undermine the positive effects of the Inflation Reduction Act. Additionally, relieving student debt merely distracts from the real problem of the spiraling costs of college and a nationwide lack of affordability.

The Hill

Metaculus Prediction


Public Figures

Joe Biden


Articles on this story

Biden proposes student loan debt relief for borrowers ‘highly likely’ to default
USA TodayJAN 2024
How struggling student-loan borrowers could qualify for debt cancellation under Biden's second attempt at relief
Business InsiderJAN 2024
Biden Administration Releases Major Details On New Student Loan Forgiveness Plan Tied To Hardship
ForbesJAN 2024
Switching Plans Could Be A Costly Student Loan Forgiveness Mistake For Some Borrowers
ForbesJAN 2024
Parents who took on student debt for their kids have 'extremely limited' options for loan forgiveness and cheaper monthly payments — but Biden can change that, 9 Democratic lawmakers say
Business InsiderJAN 2024
Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
Associated PressJAN 2024