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Brian Lehrer: A Daily Politics Podcast

New Biden Student Loan Forgiveness: We Explain Who’s Included

Brian Lehrer: A Daily Politics Podcast

WNYC Studios

Public, 2020, Wnyc, Politics, News, Journalism, History, Daily News, Lehrer, Radio, Daily, Election, Brian, News Commentary

4.4676 Ratings

🗓️ 10 April 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

The White House says that President Biden’s new student loan forgiveness plan could help 30 million borrowers.

Transcript

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0:00.0

From WNYC Studios. I'm Brian Lehrer. This is my daily politics podcast. It's Wednesday, April 10th.

0:14.4

On Monday, President Joe Biden announced a new student loan forgiveness program that he says could benefit 30 million

0:23.0

borrowers. Relief may be on the way for people in a number of categories. So listen up if you

0:28.7

think this might apply to you or someone you know. If you owe more money than the amount of your

0:33.2

initial loan because of unpaid interest, you could have up to $20,000 automatically forgiven.

0:41.8

If you've been paying your student loans back for 20 years or more, and you know we've had

0:47.7

callers who say 20 years or more, it's shocking to people who've not been in that position,

0:52.9

you could have some or all of that money

0:55.6

canceled. You'd be forgiven for having whiplash from 2023 when the Supreme Court struck down

1:01.7

the Biden administration's last attempt at a student debt overhaul. But this plan has a few key

1:07.4

differences that the mayor, the president hopes will stand up in court.

1:13.7

So it will impact the details of the plan and some of the ways the Biden administration hopes

1:18.3

to insulate it from the sort of legal attacks that the last one faced.

1:22.9

Joining us now is Danielle Douglas Gabriel, National Higher Education Reporter at the Washington Post.

1:30.0

Hey, Danielle, welcome back to WNYC.

1:32.0

Always good to have you on.

1:33.4

Thanks for having you back.

1:35.0

So Biden, by way of background, had previously announced a $400 billion overhaul of the Student Debt Relief Program back in 2022,

1:44.0

but the Supreme Court did strike it down.

1:46.4

I'll ask you in a minute how this new plan differs from the old, but first, let's work our

1:50.6

way through the main details of this new plan.

1:53.7

You report that relief may be on the way for borrowers who owe more than the amount of

...

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