The Biden administration has announced its new plan to Cancel Student Debt after its original policy was struck down by the Supreme Court. The U.S. Department of Education has released its agenda for student loan relief and named the members of the "Student Loan Debt Relief Committee." The new plan will focus on borrowers suffering from financial hardship or who entered repayment decades ago. The Biden administration had hoped to forgive up to $20,000 in student debt but faced legal challenges. The relief may not be implemented until July 2025.
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