"Biden Administration's Ongoing Efforts to Alleviate Student Debt Burden"

The Biden administration has proposed a new plan to determine which low-income Americans could qualify for student debt relief, taking into account life challenges that prevent borrowers from making progress on their loans, such as disabilities or high-cost burdens for essential expenses. The plan aims to provide automatic relief for borrowers highly likely to default in two years, potentially impacting hundreds of thousands of borrowers. Progressive lawmakers and advocates have praised the proposal, while critics have raised concerns about rising student debt and college completion rates. The Education Department will discuss the plan in its final session of student loan relief talks next week.