Biden Announces New Student Loan Forgiveness Plan for More Than 30 Million Borrowers
The Biden administration on Monday unveiled a new student loan forgiveness plan aimed at offering relief to more than 30 million borrowers. The new plan would cancel up to $20,000 of accrued interest for every borrower regardless of income, with complete forgiveness of outstanding interest for low- and middle-income borrowers participating in an income-driven repayment