In the end, after months of speculation and agitation and organizing on the part of activists across the country, President Biden did not cancel student debt. At least, not exactly.
On Wednesday, Biden announced his long awaited Student Loan Relief Plan, ending one of the biggest open questions of his presidency to date: What will the White House do to address the more than $1.5 trillion owed by borrowers swamped by the astronomical costs of higher education in the United States? While the Biden plan is a far cry from the blanket debt forgiveness many had hoped for, it nevertheless offers a significant step forward for millions of people who have spent years — sometimes decades — crushed under the weight of their student loans.
