{"id":2213643,"date":"2024-04-05T09:11:15","date_gmt":"2024-04-05T13:11:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-140-billion-bailout-how-joe-is-preparing-to-use-student-loans-as-a-campaign-promise-again\/"},"modified":"2024-04-05T09:11:40","modified_gmt":"2024-04-05T13:11:40","slug":"bidens-140-billion-bailout-how-joe-is-preparing-to-use-student-loans-as-a-campaign-promise-again","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-140-billion-bailout-how-joe-is-preparing-to-use-student-loans-as-a-campaign-promise-again\/","title":{"rendered":"Joe Biden plans to leverage a $140 billion bailout by focusing on using student loans as a campaign promise once more"},"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\">42<\/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%2Fbidens-140-billion-bailout-how-joe-is-preparing-to-use-student-loans-as-a-campaign-promise-again%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=2213643&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--><p>President\u200d Joe Biden is preparing to \u2062announce another \u200dplan to \u200breduce or\u200b forgive student\u200c loan debts\u2063 for millions of \u200cborrowers as the November election nears. The announcement\u200d is \u2063expected in a speech in Wisconsin\u200d next \u200cweek, according to\u2063 the \u2063Wall Street \u200cJournal. This initiative is \u200dpart of Biden&#8217;s ongoing efforts to address student \u200cloan challenges\u200b after\u2062 a previous proposal was struck down by the Supreme Court.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_78\">\n<p>President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\" target=\"_blank\" rel=\"noopener\" title=\"Joe Biden\">Joe Biden<\/a> is reportedly set to announce another effort to forgive or reduce <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/student-loans\" target=\"_blank\" rel=\"noopener\" title=\"student loan\">student loan<\/a> debts for millions of borrowers as the November election approaches. <\/p>\n<p>Biden is set to announce the new plan in a speech in Wisconsin next week, <a href=\"https:\/\/www.wsj.com\/politics\/policy\/biden-to-make-second-attempt-at-large-scale-student-loan-forgiveness-ef1da5fe?mod=e2twp\" target=\"_blank\" rel=\"noopener\" title=\"according to\">according to<\/a> the <em>Wall Street Journal<\/em>, as part of other ways he has worked to reduce student loans since the Supreme Court struck down a wide-ranging proposal Biden has pushed since the waning months of the 2022 election cycle.<\/p>\n<p>The president will reportedly propose new rules under the Higher Education Act, which will have various categories for debt relief. The rulemaking process would put the timetable for when it could be implemented around the final months of the campaign, but it will likely face legal challenges.<\/p>\n<p>Biden\u2019s administration has announced $144 billion in student loan forgiveness since his original plan was blocked by the Supreme Court, but those efforts are now also facing <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/2943170\/kansas-coalition-states-sues-biden-student-loan-program\/\" target=\"_blank\" rel=\"noopener\" title=\"legal challenges\">legal challenges<\/a> from various Republican state attorneys general.<\/p>\n<p>The focus on student loan forgiveness by the Biden White House comes as polls show the president slipping with key groups, including <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/2949705\/base-jumpers-biden-hold-young-voters-leaves-open-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"younger voters\">younger voters<\/a>, in the rematch against former President Donald Trump.<\/p>\n<p>During the 2020 election, Biden promised to forgive swaths of student loans, but he has legally been unable to do so for many borrowers. <\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/strong><\/p>\n<p>It\u2019s not clear how many borrowers would be eligible for reductions to their debts, but it will likely be in the millions. Depending on when the rule can go into effect, the resulting push could help put Biden over the edge with voters in key states.<\/p>\n<p>Biden has slipped with several key Democratic groups and has launched various initiatives in recent months to try to stop the bleeding. The Biden campaign has recently made a play for Latino voters in states like Arizona, as Trump has gained in the polls among that group.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden is poised to unveil a new initiative to forgive or lessen student loan debts for millions of borrowers close to the November election. The announcement is expected in a speech in Wisconsin next week, per the Wall Street Journal, part of his ongoing efforts to address student loan challenges<\/p>\n","protected":false},"author":2638,"featured_media":2213644,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/AP24094592559106-1024x591.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2213643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/AP24094592559106-1024x591.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2213643","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\/2638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2213643"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2213643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2213644"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2213643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2213643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2213643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}