The proposal includes cancelling up to $20,000 of accrued and capitalised interest for borrowers, regardless of income, impacting over 30 million individuals and providing life-changing relief.
The new measures aim to eliminate the entirety of interest for 23 million borrowers, with Biden emphasizing the importance of delivering student loan relief for hard-working Americans for the good of the economy.
#student-loan-debt-relief #biden-administration #election-promises #progressive-politics #young-voters
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