Los Angeles Times

Biden plans student debt relief announcement Wednesday

U.S. President Joe Biden holds a bipartisan meeting on cancer in the Oval Office at the White House in Washington on March 3, 2021.

WASHINGTON — President Joe Biden intends to announce his long-delayed decision on canceling some student debt on Wednesday. Biden has yet to finalize the details of his plan, but any choice he makes on the contentious issue is likely to draw criticism from both parties and risks shifting the political winds that have recently begun blowing in Democrats' favor.

Biden returns from a two-week vacation Wednesday and preparations are underway for an event at the White House to announce his decision, according to a person familiar with the matter. Aides expect the president to land somewhere close

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