Biden Unveils Bid to Free Students From ‘Unsustainable Debt’ (1)

President Joe Biden announced a sweeping package of student-debt relief that forgives as much as $20,000 in loans for some recipients, a move he said would help a generation “saddled with unsustainable debt.”

“The burden is so heavy that even if you graduate you may not have access to middle-class life that the college degree once provided,” Biden said Wednesday at the White House.

“I made a commitment that we would provide student debt relief. And I’m honoring that commitment today,” he added.

Biden also announced a four-month extension of the moratorium on student loan repayments, as well as plans ...