The company just got a $120 million boost, led by the Japanese conglomerate. Daniel Schreiber, Lemonade's CEO and co-founder, says that the end game is to become a big industry player. For the full interview, [click here](https://cheddar.com/videos/lemonades-huge-new-round-of-funding).

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Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
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