Aug. 25, 2022: Biden OKs sweeping student loan relief as midterms near

Published: Aug. 25, 2022, 9:59 a.m.

The Biden administration on Wednesday announced it was canceling up to $10,000 of student debt for millions of people and up to $20,000 of debt for low- and middle-income borrowers who previously received a Pell Grant.\nBut Biden\u2019s long-awaited plan to cancel some student debt, one of the most contentious issues dividing Democrats, has reignited the intra-party policy wars.\nPolitico's education reporter Michael Stratford explains how deliberations went down and how it will play in the midterms.\xa0\nSubscribe to the POLITICO Playbook newsletter\nRaghu Manavalan is the Host of POLITICO's Playbook.Jenny Ament is the Executive Producer of POLITICO Audio.