Days after announcing $4.28 billion in student loan relief, President Joe Biden abruptly withdrew two of the plans affecting thousands of recipients. With a few weeks left […]

The Biden administration walked away from two mass student loan forgiveness plans on Friday, marking an anticlimactic end to the efforts to enact broad student debt relief. Officials withdrew proposed regulations that would have allowed the initiatives to be implemented.

President Joe Biden and the Democrats have axed plans to forgive student debt to as many as 30 million Americans in a disappointing end to their quest as they prepare to give up th

The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.

Around $4 billion in student loan forgiveness will benefit 55,000 public service employees through the Public Service Loan Forgiveness program

Biden's administration posted notices to withdraw its broader student-loan forgiveness plans. The Education Department wrote that it still stands by the legality of the debt relief among lawsuits. The plans aimed to cancel some student debt for over 38 million borrowers.

Some Democratic lawmakers are pressuring the Biden administration to take further action on student loans before President-elect Donald Trump takes office, including finalizing some debt forgiveness it already approved.