Joe Biden said he will announce a “new path” on student loan relief that will rely on a different law than the one that the supreme court today his administration could not use to relieve some $430bn in federal student debt.
“I’m announcing today a new path consistent with today’s ruling to provide student debt relief to as many borrowers as possible as quickly as possible. We will ground this new approach in a different law than my original plan, the so-called Higher Education Act. That will allow (education secretary Miguel Cardona) … to compromise, waive, or release loans under certain circumstances,” the president said.
Leave a comment