"Biden's Student Loan Forgiveness Plan: Who Qualifies and What You Need to Know"

President Biden has unveiled a new student loan forgiveness plan that could benefit about 30 million borrowers, using the Higher Education Act to provide debt relief. The plan targets 5 major groups of borrowers, including those in repayment for 20 years or more, attendees of low-value programs, and those experiencing hardship in repayment. The Education Department plans to release a formal proposal in the coming months, with potential early implementation, but the plan may face legal challenges from conservative opponents.