Explainer: How student loan debt turns into crushing crisis in U.S.

BEIJING, April 9 (Xinhua) -- U.S. President Joe Biden on Monday announced a new, sweeping student loan forgiveness plan to help "working- and middle-class folks to repay their student loans" that "has become so burdensome, (that) a lot can't repay it for even decades after being in school."

"Too many people feel the strain and stress wondering if they can get married, have their first child, start a family, because even if they get by they still have this crushing, crushing debt," the president said, hoping millions of Americans could benefit if the plan survives legal challenges.