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A Biden plan cuts student loan payments for millions to $0. Will it be the next legal battle?

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The Biden administration calls it a 'student loan safety net.' Opponents call it a backdoor attempt to make college free. And it could be the next battleground in the legal fight over student loan relief.

FILE - President Joe Biden speaks about student loan debt relief at Delaware State University, Oct. 21, 2022, in Dover, Del.

This summer, millions of Americans with student loans will be able to apply for a new repayment plan that offers some of the most lenient terms ever. Interest won’t pile up as long as borrowers make regular payments. Millions of people will have payments of $0. And starting in 2024, undergraduate loan payments will be reduced by half.

 

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