# Biden announces broad student-loan forgiveness plan

Date: 2022

The economic policy of the [Joe Biden](/people/env-person-joe-biden) administration, colloquially known as Bidenomics, is characterized by relief measures and vaccination efforts to address the [COVID-19 pandemic](/drivers/covid-19-pandemic), investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations. Other goals include increasing the national minimum wage and expanding worker training, narrowing [income inequality](/drivers/income-inequality), expanding access to affordable healthcare, and forgiveness of student loan…

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