The Biden-Harris Administration today continued its critical efforts to deliver student debt relief to as many borrowers as possible through negotiated rulemaking under the Higher Education Act by releasing draft regulatory text for specific categories of borrowers and outlining next steps to consider relief options for borrowers experiencing hardship. Forgiveness delivered to borrowers through negotiated rulemaking will build on the historic actions the Biden-Harris Administration has already taken to provide student debt relief to millions of Americans. To date, the Biden-Harris Administration has approved $127 billion in debt relief for nearly 3.6 million borrowers and launched the most affordable student loan repayment plan in histor…
Read the full article at: https://www.ed.gov/news/press-releases/biden-harris-administration-continues-efforts-provide-debt-relief-more-student-loan-borrowers