President Biden will soon announce his student loan forgiveness plan, which will potentially benefit millions of Americans. Despite being narrower than his initial proposal, the plan could erase up to $20,000 in interest and forgive debt for certain groups, including those with existing repayment programs, long repayment histories, questionable schools, or financial hardships. This plan aims to fulfill Biden's campaign promise and differentiate him from potential opponent Donald Trump, who opposes student debt relief.
