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Biden unveils new plan for student loan relief impacting millions of borrowers

President Joe Biden has announced a new plan for student loan relief that could benefit millions of Americans burdened with debt. The plan includes forgiving interest for borrowers who owe more than they originally borrowed, providing relief for long-term borrowers, and helping those facing financial hardship. The proposal aims to impact over 30 million borrowers and could potentially go into effect as early as this fall. While the plan is seen as a positive step by many, it has also faced criticism from opponents who argue it shifts the burden of college tuition onto taxpayers and may face legal challenges.

Sources: - https://www.bbc.co.uk/news/world-us-canada-68763057 - https://apnews.com/article/biden-student-loan-education-forgiveness-069d64e7e6fc4edd967adf6bc5f7e699 - https://www.cnn.com/2024/04/08/politics/biden-student-loan-forgiveness-proposals/index.html - https://www.washingtonpost.com/education/2024/04/08/biden-debt-relief-rule/ - https://thehill.com/homenews/education/4580188-biden-announces-new-student-debt-relief-plan-for-millions-of-borrowers/ - https://www.npr.org/2024/04/08/1243347175/biden-to-preview-new-student-loan-forgiveness-program-in-wisconsin - https://www.aljazeera.com/news/2024/4/8/biden-unveils-new-plans-to-ease-us-student-loan-debt-for-millions

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