Biden Withdraws Student Loan Forgiveness Programs

President Joe Biden has attempted to forgive student loan debt multiple times during his administration. However, on December 20, his administration announced that it is withdrawing efforts to implement two student loan forgiveness plans. The Department of Education cited operational challenges as the reason for this decision. Undersecretary James Kvaal notified a federal court of these changes on the same day. This move comes as the Biden administration faces a court battle over its student debt relief efforts, following a Supreme Court ruling against one of the president’s debt relief plans in 2023. The situation is still developing, and updates will be provided as new information becomes available.

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