Biden administration looks to forgive student debt of borrowers in hardship


U.S. President Joe Biden speaks to United Auto Workers members at the UAW’s Community Action Program (CAP) legislative conference in Washington, U.S., January 24, 2024. REUTERS/Leah Millis

Leah Millis | Reuters

The Biden administration announced on Wednesday that it will try to deliver student loan forgiveness to borrowers experiencing financial hardship.

After the Supreme Court struck down President Joe Biden’s plan to cancel up to $20,000 in student debt for tens of millions of Americans, his administration has searched for ways to cancel the debt using existing legal authority.

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