With about 1 million borrowers in default every year, Cardona said the new rule would prevent his agency from trying to collect money it's unlikely to recoup.
Student loan cancellation efforts continue for Biden administration
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At a bus tour stop in Green Bay, Wisconsin, Mr. Cardona said, "I knew I only had what the local public school provided, and thankfully it provided me not only with the skills I needed to continue to grow to be a teacher, a school principal, all the way up to secretary, but it also gave me the confidence that I needed to see myself as somebody with value.”
Cardona's bus tour misses the mark on Hispanic American education priorities
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