August 5, 2021 - Washington, DC, United States: U.S. Secretary of Education Miguel Cardona speaking at a press briefing in the White House Press Briefing Room. (Photo by Michael Brochstein/Sipa USA)
White House Press Briefing with Jen Psaki & Miguel Cardona
WASHINGTON (AP) — The White House is moving forward with a proposal that would lower student debt payments for millions of Americans now and in the future. It’s offering a new route to repay federal loans under far more generous terms. President Joe Biden announced the plan in August, but it was overshadowed by his sweeping plan to slash or eliminate student debt for 40 million Americans. Education Department officials on Tuesday called the new plan a “student loan safety net” that’ll prevent borrowers from getting overloaded with debt. The Democratic president is moving forward with the repayment plan even as his one-time debt cancellation faces an uncertain fate before the Supreme Court.
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