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The Guardian - US
The Guardian - US
Business
Erum Salam

Biden launches ‘most affordable ever’ student loan repayment plan

Joe Biden SAVE
People demonstrate outside the supreme court, on 30 June.
People demonstrate outside the supreme court on 30 June. Photograph: Jacquelyn Martin/AP

Federal student loan borrowers can expect “the most affordable student loan plan ever”, Biden said in a video address on Tuesday announcing significant changes to the debt from higher education held by over an eighth of the country.

The announcement comes nearly two months after the US supreme court struck down Biden’s original student debt forgiveness plan that would have forgiven $20,000 of federal student debt for borrowers who were Pell grant recipients and up to $10,000 of debt for other borrowers.

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