The Biden administration released a new student loan payment plan that would lower monthly payments for millions of borrowers and pause them completely for some. There’s been a freeze on loan repayments throughout the pandemic, but that’s coming to an end in June. The new proposal comes while plans to cancel some of the debt are held up in court. For a transcript of this story, click here.
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Who does the Biden administration’s new student loan payment plans include?
What do the new student loan plans consist of?
Where and When were the student loan plans proposed?
How does President Joe Biden’s plan help solve his initial proposal to forgive student loan debt that is currently being held up in court?
Why do students have so much education debt in the U.S.?
How does relieving student loans help individual people? How might Biden’s plan affect the overall economy?
Media Literacy: How could you find out what students think about Biden’s new plans?