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Business News›News›International›World News›Biden announces plan to cancel up to $20,000 in student debt for millions of Americans
Biden announces plan to cancel up to $20,000 in student debt for millions of Americans
President Joe Biden announced on Monday plans to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November.The plans, which the Democratic president detailed in Madison, Wisconsin, include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income, which Biden's administration estimates would eliminate the entirety of that interest for 23 million borrowers.
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