Biden administration plans to make sweeping changes to ‘broken’ student loan system

Posted on AllSides July 6th, 2022
From The Center
Caroline Brehman | CQ-Roll Call, Inc. | Getty Images

The Biden administration announced Wednesday it was moving to make sweeping changes to the federal student loan system, including making it easier for public servants to get debt forgiveness and setting new limits on the accrual of interest.

“We are committed to fixing a broken system,” U.S. Secretary of Education Miguel Cardona said, in a statement.

Key elements of the proposal include:

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