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Al Jazeera
Al Jazeera

Biden unveils new plans to ease US student loan debt for millions

'I will never stop delivering student loan relief for hard-working Americans,' US President Joe Biden says during a visit to Madison, Wisconsin on April 8 [Kevin Lamarque/Reuters]

Joe Biden has announced plans to ease student loan debt for millions of Americans, as the United States president tries to make good on a promise to younger voters ahead of the general elections in November.

The proposal, which Biden unveiled on Monday during a trip to the state of Wisconsin, includes cancelling up to $20,000 of accrued and capitalised interest for borrowers, regardless of income.

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