Student loan forgiveness: Biden pushes new rule to aid 8 million borrowers

By Newsweek | Nov 16, 2024 at 12:12 PM EST

President Biden aims to provide federal student loan forgiveness for those facing financial hardships, introducing income-driven repayment plans for borrowers. The Biden administration is working to offer relief to millions of borrowers before potential changes under a second Trump administration. Trump has criticized Biden's debt cancellation efforts, and courts have challenged previous plans.

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