These student-loan borrowers could qualify for up to $20,000 in debt relief – Business Insider

The Education Department released new details on its second attempt at debt relief.
It’s considering five groups of borrowers to be prioritized for relief, like those with balances greater than what they started with.
Some borrowers could get up to $20,000 in relief, per the proposed text.

President Joe Biden’s next plan for getting student-loan forgiveness to borrowers is now more defined.

On Monday, the Education Department released updated regulatory text for its proposal to cancel student debt using the Higher Education Act of 1965. After the Supreme Court struck down Biden…

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