Biden administration announces student debt forgiveness program

The Biden Administration released its plan for student debt forgiveness, what does this mean for students?

President Joe Biden speaks about student loan debt forgiveness at the White House on Wednesday, with U.S. Education Secretary Miguel Cardona by his side.
President Joe Biden speaks about student loan debt forgiveness at the White House on Wednesday, with U.S. Education Secretary Miguel Cardona by his side. AP
President Joe Biden speaks about student loan debt forgiveness at the White House on Wednesday, with U.S. Education Secretary Miguel Cardona by his side.
President Joe Biden speaks about student loan debt forgiveness at the White House on Wednesday, with U.S. Education Secretary Miguel Cardona by his side. AP

Biden administration announces student debt forgiveness program

The Biden Administration released its plan for student debt forgiveness, what does this mean for students?

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The Biden administration is extending the moratorium on paying back student loans and offering debt forgiveness to many borrowers.

Reset breaks down the details and explains what this could mean for people with loans.

GUESTS: Danielle Douglas-Gabriel, higher education reporter for the Washington Post

Josh Mitchell, reporter at the Wall Street Journal and author of Debt Trap: How Student Loans Became a National Catastrophe

Cody Hounanian, executive director of the group Student Debt Crisis