> Biden offers alternative student debt relief plan that would remove immediate threat of default
Biden offers alternative student debt relief plan that would remove immediate threat of default
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President Joe Biden vowed Friday to push ahead with a new plan to provide student loan relief for millions of borrowers while blaming Republican “hypocrisy” for triggering the day's Supreme Court decision that wiped out his original plan.
Biden said payment requirements for student loans would resume in coming weeks, but that he would work under the authority of the Higher Education Act to begin a new program designed to ease borrowers’ threat of default if they fall behind over the next year.
Hours after the Supreme Court ruling, Biden commented from the White House, trying to stay on the political offensive even as the ruling undermined a key promise to young voters who will be vital to his 2024 reelection campaign.
MORE: https://www.cbs8.com/article/news/nation-world/biden-response-student-loan-forgiveness-plan-supreme-court-ruling/507-5a021798-9ea1-4809-bdba-9cc34fbee932