Biden's latest plan for student loan cancellation moves forward as a proposed regulation


April 17, 2024

WASHINGTON (AP) — President Joe Biden's latest plan for student loan cancellation is moving forward as a proposed regulation, offering him a fresh chance to deliver on a campaign promise and energize young voters ahead of the November election.

The Education Department on Tuesday filed paperwork for a new regulation that would deliver the cancellation that Biden announced last week. It still has to go through a 30-day public comment period and another review before it can be finalized.

It's a more targeted proposal than the one the U.S. Supreme Court struck down last year. The new plan uses a...

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