President Joe Biden made a commitment on Friday to move forward with a new plan to provide relief to student loan borrowers, while attributing the day's Supreme Court decision that invalidated his original effort to Republican 'hypocrisy.' He stated that his administration had already initiated the process of working under the authority of the Higher Education Act of 1965, which he deemed 'the best path remaining to offer debt relief to as many borrowers as possible.' Meanwhile, as student loan payments are set to resume in the fall, the White House is devising an 'on ramp' to repayment and implementing measures to mitigate the risk of default for borrowers who fall behind over the next year.

The president highlighted that the newly introduced programs will require more time compared to his initial effort to alleviate student loan debt. By attributing the strong opposition to student loan forgiveness to the GOP, Biden's reelection campaign aims to persistently exhibit strength on this issue in the short term. However, this may provide little consolation to the 43 million Americans who benefited from the original program and will now have to wait for its replacement to take effect.

Wisdom Cole, the national director of the NAACP Youth & College Division, emphasized that Black Americans played a crucial role in putting Biden in the White House, creating an obligation for him to 'complete the task' by fulfilling his promises of relief for borrowers. A May poll conducted by The Associated Press-NORC Center for Public Affairs Research indicated that 43% of U.S. adults approve of Biden's approach to handling student debt, similar to his overall approval rating of 40% in the same survey. The poll revealed that Biden's handling of the issue is particularly favored among young adults, with 53% of adults under age 30 approving of his approach to student debt compared to only 36% who approved of his overall job performance.

President Joe Biden made a commitment on Friday to move forward with a new plan to provide relief to student loan borrowers, while attributing the day's Supreme Court decision that invalidated his original effort to Republican 'hypocrisy.' He stated that his administration had already initiated the process of working under the authority of the Higher Education Act of 1965, which he deemed 'the best path remaining to offer debt relief to as many borrowers as possible.' Meanwhile, as student loan payments are set to resume in the fall, the White House is devising an 'on ramp' to repayment and implementing measures to mitigate the risk of default for borrowers who fall behind over the next year.
The president highlighted that the newly introduced programs will require more time compared to his initial effort to alleviate student loan debt. By attributing the strong opposition to student loan forgiveness to the GOP, Biden's reelection campaign aims to persistently exhibit strength on this issue in the short term. However, this may provide little consolation to the 43 million Americans who benefited from the original program and will now have to wait for its replacement to take effect.
Wisdom Cole, the national director of the NAACP Youth &amp; College Division, emphasized that Black Americans played a crucial role in putting Biden in the White House, creating an obligation for him to 'complete the task' by fulfilling his promises of relief for borrowers. A May poll conducted by The Associated Press-NORC Center for Public Affairs Research indicated that 43% of U.S. adults approve of Biden's approach to handling student debt, similar to his overall approval rating of 40% in the same survey. The poll revealed that Biden's handling of the issue is particularly favored among young adults, with 53% of adults under age 30 approving of his approach to student debt compared to only 36% who approved of his overall job performance.

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