President Joe Biden is making a fresh attempt to secure student loan debt relief for millions of borrowers, including waiving interest payments on some loans and canceling debt for those who have been in repayment for two decades.
Biden is scheduled to announce his plan today in Madison, Wis., home to the battleground state’s flagship public university. Should his efforts be successful, some borrowers could see relief as early as this fall, providing him with a boost before the election.
Elsewhere, other top White House officials, including Vice President Kamala Harris and Education Secretary Miguel Cardona, will travel to Philadelphia and New York City, respectively, to promote the proposal and meet with borrowers.
