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Biden Heads to Wisconsin to Unveil New Student Debt Relief Plan
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President Joe Biden’s alternative student-debt relief plan could forgive loans for as many as 26 million Americans, a far-reaching initiative that will be tested by the same challenges that beset his original program struck down by the Supreme Court.
The proposal, outlined by the White House on Monday, must withstand expected lawsuits that could stretch into next year, placing the issue of rising student debt squarely in the crosshairs of November’s presidential election. A lengthy regulatory process also threatens to prevent relief if a new administration scraps the plan.
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The proposal, outlined by the White House on Monday, must withstand expected lawsuits that could stretch into next year, placing the issue of rising student debt squarely in the crosshairs of November’s presidential election. A lengthy regulatory process also threatens to prevent relief if a new administration scraps the plan.
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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