The Biden administration released its new proposal to forgive student debt for millions of Americans.The public has 30 days, through May 17, to comment on the details of the revised aid package.
While Biden's previous relief plan forgave student debt for most borrowers, this aid package targets specific groups of people, and the interest on the loans. The plan also erases the debt of people who are already eligible for that relief but haven't received it or applied for it. Such stories are common.
"As President Biden said last week, our Administration is working as quickly as possible to deliver relief to as many borrowers as possible," an Education Department spokesperson said in a statement.
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