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What borrowers need to know now about Biden’s new plan to cancel student debt

In the hours after the Supreme Court knocked down President Joe Biden’s plan to cancel some student debt for a wide swath of borrowers, he vowed to provide the relief another way. 

“I believe the court’s decision to strike down my student-debt relief program was a mistake, was wrong,” said Biden, flanked by Secretary of Education Miguel Cardona. “I’m not going to stop fighting to deliver borrowers what they need, particularly those at the bottom end of the economic scale. So, we need to find a new way. And we’re moving as…

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