Biden administration launches new student loan repayment plan application – By Molly Nagle (ABC News) / Aug 22, 2023
The push follows several failed attempts at student loan relief.
The Biden administration is launching an application for a new student loan repayment plan Tuesday as part of its latest attempt to offer relief to borrowers as payments resume despite significant political hurdles.
“This plan is a game changer for millions of Americans, many of whom are putting off having children, buying their first home, or even starting a business because they can’t get out from under their student loans. Student loans will be manageable,” Biden’s domestic policy adviser, Neera Tanden, said.
The new plan is part of the administration’s continued efforts to tackle student loans after its push to outright cancel up to $20,000 in debt for some borrowers was struck down by the Supreme Court earlier this year.
