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Biden’s new student debt relief plan will focus on these 5 borrower groups first—here's what to know

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The Department of Education is moving forward with its plan to provide debt relief to federal student loan borrowers.

to provide broad student loan forgiveness at the end of June, the administration got to work on a new plan to provide relief through the Higher Education Act.to enact a debt forgiveness plan. Department of Education officials provided an update to members of the press on Friday announcing members of the Student Loan Debt Relief Committee who will discuss and finalize a debt forgiveness proposal in the coming months.

Low-income borrowers who would be eligible for forgiveness under programs like income-driven repayment, but have not applied

 

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