Millions of Americans were waiting to learn the fate of their federal student debt on Wednesday as President Joe Biden prepared to deliver on his campaign promise to provide up to $10,000 in debt cancellation.
Aug 24, 2022 at 10:14 am
Biden has faced pressure from liberals to provide broader relief to hard-hit borrowers, and from moderates and Republicans questioning the fairness of any widespread forgiveness. The delay in Biden’s decision has only heightened the anticipation for what his own aides acknowledge represents a political no-win situation. The people spoke on the condition of anonymity to discuss Biden’s intended announcement ahead of time.
Wednesday’s announcement was set for the White House after Biden returns from vacation in Rehoboth Beach, Delaware. Although Biden’s plan is narrower than what he initially proposed during the campaign, “he’ll get a lot of credit for following through on something that he was committed to,” said Celinda Lake, a Democratic pollster who worked with Biden during the 2020 election.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Student loan borrowers await Biden plan on debt forgivenessMillions of Americans are waiting to learn the fate of their federal student debt as President Joe Biden prepares to deliver on his campaign promise to provide up to $10,000 in debt cancellation.
Read more »
Student loan borrowers await Biden plan on debt forgivenessDetails of the plan have been kept closely guarded, but borrowers who earn less than $125,000 a year would be eligible for the loan forgiveness, according to three people familiar with the decision
Read more »
Student loan borrowers await Biden plan on debt forgivenessMillions of Americans are waiting to learn the fate of their federal student debt as President Joe Biden prepares to deliver on his campaign promise to provide up to $10,000 in debt cancellation. debt studentloans kprc2 click2houston biden
Read more »
Student loan debt takes center stage ahead of Biden announcementKristina Ellis from Ramsey Solutions talks about student loan debt forgiveness and what to expect from President Joe Biden's announcement today.
Read more »
Report: Expected student loan forgiveness would eliminate debt of nearly a third of Colorado borrowersNew research shows that nearly a third of borrowers in Colorado would have their entire student loan debt eliminated with $10,000 of forgiveness. via robharristv
Read more »
White House Considering $10,000 in Student Loan Forgiveness for Borrowers Who Make Under $125,000: ReportPresident Joe Biden has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are set to resume.
Read more »