Biden touts new student debt relief as ticket to 'chase dreams'

by 24USATVFeb. 21, 2024, 11:50 p.m. 22
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Pres. Biden touted a new pathway for debt relief that kicked into gear Wednesday for 153,000 student loan borrowers, calling it a ticket to "chase dreams" during a speech in Southern California, and highlighting a key part of his 2024 campaign strategy. The debt relief announced on Wednesday is for those enrolled in a new student debt repayment plan rolled out this past fall, who took out a small initial balance and have been paying it down for a decade or longer. "This action will be a huge help to graduates of community college and borrowers with smaller loans, putting them back on track faster for debt forgiveness than ever before," Biden said. Biden's continued efforts to cancel debt in a more piecemeal fashion have now been reached nearly 3.9 million borrowers, which he continues to highlight on the campaign trail in an attempt to gain support from a key voting group. Subscribe to ABC News on YouTube: https://abcnews.visitlink.me/59aJ1G Watch 24/7 coverage of breaking news and live events on ABC News Live: https://www.youtube.com/watch?v=gN0PZCe-kwQ&ab_channel=ABCNews Watch full episodes of World News Tonight with David Muir here: https://youtube.com/playlist?list=PLQOa26lW-uI8ixlVw1NWu_l4Eh8iZW_qN&feature=shared Read ABC News reports online: http://abcnews.go.com ABC News Digital is your daily source of breaking national and world news, exclusive interviews and 24/7 live streaming coverage. ABC News is the home to the #1 evening newscast “World News Tonight” with David Muir, “Good Morning America,” “20/20,” “Nightline,” “This Week” with George Stephanopoulos, “ABC News Live Prime” with Linsey Davis, plus the daily news podcast “Start Here.” Connect with ABC News on social media: Facebook: https://www.facebook.com/ABCNews Instagram: https://www.instagram.com/abcnews TikTok: https://www.tiktok.com/@abcnews X: https://twitter.com/ABC Threads: https://www.threads.net/@abcnews LinkedIn: https://www.linkedin.com/company/abcnews

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