{"id":1973768,"date":"2023-07-15T06:36:01","date_gmt":"2023-07-15T10:36:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-takes-another-stab-at-canceling-student-loan-debt\/"},"modified":"2023-07-15T06:36:40","modified_gmt":"2023-07-15T10:36:40","slug":"biden-takes-another-stab-at-canceling-student-loan-debt","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-takes-another-stab-at-canceling-student-loan-debt\/","title":{"rendered":"Biden makes another attempt to cancel student loan debt."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-takes-another-stab-at-canceling-student-loan-debt%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1973768&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Joe Biden Commits to Canceling Student Loan Debt<\/h2>\n<p>President Joe Biden has made a renewed commitment to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-asks-education-secy-if-he-can-legally-cancel-student-debt\/\" title=\"Biden asks education secy. if he can legally cancel student debt\">canceling student loan debt<\/a>, providing relief to a key voting demographic ahead of next year&#8217;s election. The recent announcement of a $39 billion action aims to ease the financial pressure on federal student loan borrowers and expand the economy.<\/p>\n<h3>Biden Administration Announces $39 Billion in Student Debt Relief<\/h3>\n<p>Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-takes-another-stab-at-canceling-student-loan-debt\/\" title=\"Biden makes another attempt to cancel student loan debt.\">student loan debt cancellation action<\/a> is expected to have a positive impact on the economy and offer Americans the security and peace of mind of a middle-class life. According to Colin Seeberger, a senior adviser at the Center for American Progress, this proactive approach by the administration will help borrowers save more of their hard-earned money and demonstrate a commitment to empowering Americans to have more control over their finances.<\/p>\n<p>The Education Department&#8217;s announcement addresses historical failures in the administration of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-hiding-damning-report-on-student-debt-crisis-lawmakers-say\/\" title=\"Biden Admin Hiding Damning Report on Student Debt Crisis, Lawmakers Say\">federal student loan program<\/a>, ensuring that qualifying payments made under income-driven repayment plans are properly accounted for. Eligible borrowers who have made between 20 and 25 years of payments on their loans will benefit from this debt relief.<\/p>\n<p>&#8220;I have long said that college should be a ticket to the middle class \u2014 not a burden that weighs down on families for decades,&#8221; Biden stated. He criticized Republican lawmakers for opposing relief measures while benefiting from the forgiveness of their own business loans, highlighting the hypocrisy and disregard for working- and middle-class families.<\/p>\n<p>Education Secretary Miguel Cardona emphasized the administration&#8217;s commitment to leveling the playing field in higher education and ensuring that everyone receives the debt forgiveness they deserve. The administration has already provided over $116.6 billion in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/psaki-executive-action-on-cancelling-student-loan-debt-still-upon-the-table\/\" title=\"Psaki: Executive Action on Cancelling Student Loan Debt \u201cStill upon the Table\u201d\">federal student loan debt cancellation<\/a> for more than 3.4 million borrowers.<\/p>\n<h3>Engaging College-Educated Voters<\/h3>\n<p>College-educated voters play a significant role in elections, representing 42% of the electorate in the 2020 election. Biden&#8217;s support among this demographic was strong, outperforming both former President Donald Trump and 2016 Democratic nominee Hillary Clinton. However, recent polling suggests a decline in support among college-educated voters, highlighting the need for continued efforts to engage this crucial group.<\/p>\n<p>Vice President Kamala Harris expressed her support for the Education Department&#8217;s announcement, emphasizing the administration&#8217;s commitment to reducing student loan debt. She highlighted the pursuit of alternative relief paths and the implementation of a new income-driven repayment plan that will cut monthly payments in half for undergraduate loans.<\/p>\n<h3>Reaching Out to Non-College-Educated Voters<\/h3>\n<p>The Biden administration recognizes the importance of reaching out to non-college-educated voters, given President Biden&#8217;s own working-class background. Despite his roots in Scranton, Pennsylvania, Trump won over non-college-educated voters in 2020. To connect with this group, first lady Jill Biden emphasized the administration&#8217;s broader education policy, which includes free universal preschool, a high school experience that prepares students for their next steps, and affordable community college options.<\/p>\n<p>&#8220;This is Bidenomics \u2014 how we grow our economy from the bottom up and the middle out,&#8221; Jill Biden stated, highlighting the administration&#8217;s focus on inclusive economic growth.<\/p>\n<p>Overall, President Biden&#8217;s commitment to canceling student loan debt and his broader education policies aim to alleviate financial burdens, expand opportunities, and create a stronger economy for all Americans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden has reaffirmed his commitment to alleviate the burden of student loan debt, benefiting a crucial voting group ahead of the upcoming election. With a $39 billion initiative, 804,000 federal student loan borrowers will receive relief through revised income-driven repayment plans. This action precedes the Federal Reserve&#8217;s actions.<\/p>\n","protected":false},"author":1,"featured_media":1973769,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1973768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1973768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1973768"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1973768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1973769"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1973768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1973768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1973768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}