The Biden administration has abandoned two significant student loan forgiveness plans.

Proposed regulations would have permitted the U.S. Department of Education to cancel student loans for multiple groups of borrowers.

CNBC noted that the proposed regulations included individuals who had been in repayment for decades and were facing financial hardship.

🚨Just in: The Joe Biden administration is withdrawing the student loan forgiveness plans

Via: CNBC pic.twitter.com/zpMvP3n2UY

— The Calvin Coolidge Project (@TheCalvinCooli1) December 23, 2024


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