Biden bails out more student loan borrowers after Supreme Court rejection

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President Biden unveiled his latest attempt to forgive student loan debt on Tuesday, months after the Supreme Court struck down his first handout.

President Biden's administration is officially rolling out its SAVE plan on Tuesday, its latest attempt to grant student debt relief after Biden's more wide-reaching plan failed before the Supreme Court.the plan alongside Education Secretary Miguel Cardona and other members of his administration on Tuesday.

"The SAVE plan is another huge step forward in President Biden’s tireless efforts to fix the broken student loan system, reduce the burden of student debt on working families, and put borrowers first," Cardona said in a statement.

 

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