The new federal rule paving the way for student debt relief is not expected to be issued by the time the president speaks, but Biden will highlight a plan the Department of Education started workin…
FILE – President Joe Biden speaks as Education Secretary Miguel Cardona listens at the White House, June 30, 2023, in Washington. Biden is traveling to Wisconsin Monday, April 8, 2024, to announce details of a new plan to help millions of people with their student loan debt. Last year, the U.S. Supreme Court foiled Biden’s plan to provide hundreds of billions of dollars in student loan debt relief to millions.
Democratic U.S. Rep. Mark Pocan, who represents Madison in Congress, said he was struck that concerns about Israel’s war against Hamas in Gaza were top of mind among voters at five town halls over the past two weeks in more rural parts of his district. Biden’s new plan would expand federal student loan relief to new yet-targeted categories of borrowers through the Higher Education Act, which administration officials believe puts it on a stronger legal footing than the sweeping proposal that was killed by a 6-3 court majority last year.
Details released by the White House on Monday largely mirror a plan drafted by the Education Department over the past several months through a federal rulemaking process. It lays out five categories of borrowers who would be eligible to get at least some of their federal student loans canceled if the rule is approved.
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