President Biden Announces Plan to Ease Student Loan Debt

President Joe Biden is traveling to Wisconsin to announce details of a new plan to ease student loan debt for millions, a trip that comes a week after primary voting in the Midwest battleground highlighted weaknesses for the Democratic president and Donald Trump, his Republican challenger.

A fresh announcement on student loan relief, an important issue for younger voters, could help energize parts of President Biden’s political coalition that have become disillusioned by his job performance. These are people whose support the president will need to defeat Trump in November. “I was surprised to see the intensity on the issue of Gaza coming not from a student voice out of Madison, but older voters in more rural parts of the district,” Pocan said.

The proposal is expected to cancel some or all federal student loans for more than 30 million Americans, the White House said. The Education Department plans to issue a formal proposal in the coming months, with plans to start implementing parts of the plan as early as this fall. That part of the plan would forgive at least some unpaid interest for an estimated 25 million borrowers, with 23 million getting all their interest erased, according to the White House.

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