Biden is planning to cancel student debt under a new law after the Supreme Court struck down his first plan.
He'll use the Higher Education Act, which requires hearings and public comment.
The Higher Education Act states that the Education Department can "enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand" related to federal student debt.
Given the new standards surrounding the Higher Education Act, it's not yet guaranteed that the same borrowers who benefitted from Biden's first proposal will qualify for the president's new plan.
"However, the Secretary has directed his staff to explore policy options for debt relief that will help as many people as possible."
Persons:
Biden, —, Joe Biden's, It's, Miguel Cardona, it's, Bharat Ramamurti, Cardona, Alexandria Ocasio, Cortez, Ro Khanna, SCOTUS, Khanna
Organizations:
Service, Higher, Education Department, Education, National Economic Council, New York Rep, CNN, Twitter
Locations:
Biden's, Alexandria