Later today (Wed. Aug. 24) at 2:15 EST, President Joe Biden will make an unprecedented announcement covering a new plan for federal student loan relief. Here’s what we know so far. In a Tweet made this morning, Biden wrote: “In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023. I’ll have more details this afternoon.”