The Biden Administration will announce some new details of its proposed student loan forgiveness plan Monday, which if implemented, could bring forgiveness for a combined 30 million people this fall. “These historic steps reflect President Biden’s determination that we cannot allow student debt to leave students worse off than before they went to college,” said U.S. Under Secretary of Education James Kvaal. “The President directed us to complete these programs as quickly as possible, and we are going to do just that.” [time-brightcove not-tgx=”true”] The Administration is currently pursuing debt relief through the negotiated rulemaking process under the Higher Education Act.
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