New Student-Loan Relief Rules Are Being Finalized

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 1 August 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

While elements of President Biden’s federal student-loan forgiveness proposals are held up in litigation, the White House is pushing for more relief for borrowers. Wall Street Journal personal-finance reporter Katherine Hamilton goes over the latest with host J.R. Whalen. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If just thinking about your bills makes you feel confused and disorientated,
0:05.0	like your head is full of Raspberry,
0:08.0	then you need Monzo.
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0:15.0	Money never felt like Monzo.
0:18.0	UK Residents, Tees and C Supply.
0:26.6	Here's your money briefing for Thursday, August 1st. I'm J. R. Whelan for the Wall Street Journal.
0:32.1	Since the Supreme Court voted down President Biden's Student Loan Forgiveness
0:35.4	plan last year, millions of borrowers have been making their monthly payments as
0:39.4	usual. But elements of the President's new plan are still facing legal challenges.
0:44.0	And this week, Biden sent an email blast with an update.
0:48.0	The Biden administration has rolled out and is still developing a new plan that's based on a different law than the previous
0:56.1	plan was.
0:57.6	And there are lots of different parts of that plan that affect different borrowers with different income levels and other categories.
1:05.0	So where do things stand? Wall Street Journal of Personal Finance reporter
1:09.0	Catherine Hamilton or bring us up to speed on student loan forgiveness efforts.
1:13.2	After the break. The Capital Ideas Podcasts' Podcast now has a new monthly edition hosted by Capital Group CEO Mike
1:30.1	Gittlin.
1:31.1	Investment professionals reveal their best mentors, how they find their next great idea,
1:35.2	and a few funny stories.
1:36.5	Subscribe wherever you get your podcast, American Funds Distributors, Inc. The White House is renewing its push to have student loans forgiven.
1:47.0	Wall Street Journal Personal Finance reporter Catherine Hamilton joins me.
	...

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