What to know about Biden's latest attempt at student loan cancellation
President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to deliver
By COLLIN BINKLEY
Published - Apr 08, 2024, 05:30 PM ET
Last Updated - Apr 08, 2024, 05:30 PM EDT
WASHINGTON (AP) — President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to fulfill.
Biden called the court’s decision a “mistake” but ordered the Education Department to craft a new plan using a different legal authority. The latest proposal is more targeted than his original plan, focusing on those for whom student debt is a major obstacle.
Here’s what to know about the new plan:
