Biden’s New Student Loan Forgiveness Plan Starts To Take Shape

The Education Department is moving forward with a process to create a new student loan forgiveness plan, as directed by President Biden.

Biden’s new plan is intended to serve as a replacement for the program that was rejected by the Supreme Court last summer. In the wake of that decision, Biden announced that the Education Department would begin creating a backup student loan forgiveness plan. The establishment of the new plan is a multi-step process. The Biden administration entered a critical new stage of that process this week.