President Biden’s promise to cancel student loan debt for millions of Americans has been canceled, as the White House announced on Tuesday. The news comes after the administration was unable to pass legislation that would have allowed for broad-based debt relief. While the Biden Administration had hoped that the legislation would be passed by Congress, the legislation faced fierce opposition from Republicans and Democrats alike. The cancellation of the student loan debt relief plan leaves millions of Americans still struggling with the burden of student loan debt. The news of the cancellation of the plan is especially disappointing for students and graduates who have been struggling with student loan debt for years. It is yet another reminder of the need for a comprehensive solution to the student debt crisis.

Read Full Article Here

source: Phys.org