Connect with us

Hi, what are you looking for?


WSJ Reports: Biden Set to Make Another Attempt at Student Loan Relief

Biden (Credits: CNN)

President Joe Biden is gearing up for a second attempt at large-scale student loan forgiveness after the Supreme Court rejected his previous $400 billion plan in June.

According to The Wall Street Journal, the new proposal, which aims to provide relief for millions of borrowers, is expected to be revealed during a speech in Wisconsin on Monday.

The Supreme Court’s ruling, which found the Biden administration had overstepped its authority, dealt a blow to the plan that would have wiped out up to $20,000 in student debt for borrowers earning less than $125,000 annually.

Joe Biden (Credits: CNN)

Facing declining support among young voters, the Biden administration sees the debt forgiveness push as a potential strategy to reverse this trend. Democrat strategist James Carville expressed concern over the party’s diminishing support among young voters, particularly young people of color.

However, similar to previous attempts, the new loan relief proposal is likely to encounter legal challenges from Republican attorneys general. These officials are expected to argue against the plan in court, citing concerns over the administration’s authority.

Biden (Credits: BBC)

Administration officials have emphasized that the new proposal will outline specific conditions for debt cancellation, distinguishing it from the broader plan struck down by the Supreme Court.

The proposed plan, based on the Higher Education Act of 1965, aims to provide relief for borrowers with high debt burdens and low incomes and those who have carried their debt for extended periods and have seen their loans grow due to accrued interest.

Despite potential legal hurdles, the Biden administration is addressing student loan debt, recognizing its importance for millions of Americans burdened by educational loans.

Click to comment
Notify of
Inline Feedbacks
View all comments

We’re dedicated to providing you the most authenticated news. We’re working to turn our passion for the political industry into a booming online news portal.

You May Also Like


Actress Emma D’Arcy is from the British rebellion. She has only appeared in a small number of movies and TV shows. It might be...


Jennifer Coolidge Is Pregnant: Jennifer Coolidge Audrey Coolidge is a comedian and actress from the United States. Many of her followers are wondering if...


Spoilers! The demon Akaza from Kimetsu no Yaiba dies in the eleventh arc of the manga and the one responsible for his death is...


The young YouTube star Emily Canham has recently been seen making headlines for her amazing work and her journey. She started from scratch and...