Student Loan Aid For Millions Coming From Biden After Delay
Biden has faced pressure from liberals to provide broader relief to hard-hit borrowers and from moderates and Republicans who question the fairness of any broad forgiveness. The delay in Biden’s decision only heightened anticipation for what his own aides acknowledge represents a no-win political situation. The people spoke on condition of anonymity to discuss Biden’s anticipated announcement in advance. The exact details of Biden’s plan, which would include an income cap that would limit forgiveness to only those earning less than $125,000 a year, were kept in an unusually tight circle within the Biden administration and had not yet been finalized on the eve of the announcement....