Runaway Interest Eligible For Student Loan Forgiveness Under Biden's New Plan

Contributing sentiments towards policy:

52% : "That's why today we're announcing new plans that, if implemented, would cancel student debt for millions more."The new loan forgiveness initiative, which is distinct from Biden's initial student debt relief plan that was struck down by the Supreme Court, focuses on several categories of borrowers.
51% : Biden's new student loan forgiveness plan would cancel student loan interest "for all borrowers who have accrued or capitalized interest on their loans since entering repayment," according to new guidance released by the Education Department.
48% : One such category involves borrowers who have been harmed by what Biden characterized as "runaway interest" -- a significant problem for many people struggling with student debt.
39% : Here's how the new initiative would forgive student loan interest.

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