When Biden’s Next Student Student Loan Forgiveness Plan May Go Live

The Biden administration has taken significant steps to establish a brand new student loan forgiveness plan. The new program is intended to be a more legally viable alternative to the sweeping student debt relief initiative that the Supreme Court struck down last summer.

Unlike Biden’s first student loan forgiveness plan, the new program will take time to establish because of administrative requirements under the governing legal authority. The plan may not be available for borrowers until the summer of 2025. But there’s a good possibility it could go live sooner than that.