Biden’s Plan B for Student Debt
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The Supreme Court’s debt-relief ruling is a blow to President Joe Biden—and to the millions of people who expected that some of their loans would be forgiven. The Biden administration is quickly moving to its Plan B for relieving student debt, but little about this process will be quick.
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Biden’s Plan B
The way President Biden talked about debt relief was vivid, almost epic: When he announced his sweeping student-loan debt-relief plan last August, he said in the West Wing, “People can start to finally crawl out from under that mountain of debt.”
Almost a year later, the Supreme Court ruled in a 6–3, told me.
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