"Biden's Rapid Student Debt Relief Plan Targets Millions Before Election"

President Biden is set to announce a new student loan forgiveness plan that aims to reduce the debt of up to 30 million Americans before the November election. The plan focuses on cutting accrued interest, with potential reductions of up to $20,000, and offers debt cancellation for borrowers with long-standing loans. However, the plan is expected to face legal challenges from Republican-led states, following previous Supreme Court rulings against similar initiatives.