"Experts Push for Increased Relief as Student Loan Borrowers Could Receive Up to $20,000"

Negotiations for President Biden's second attempt at student loan forgiveness have concluded, but there is disagreement among the negotiators regarding the relief provisions proposed by the Education Department. Some sticking points include the department's proposed cap of $20,000 on relief for borrowers with balances greater than their original loan amount and the exclusion of a relief category for borrowers experiencing hardship. While the negotiators hope for broader debt cancellation, the department has not yet commented on whether it will add another session to discuss relief for borrowers with hardship. Democratic lawmakers, including Sen. Elizabeth Warren and Rep. Ayanna Pressley, have urged the Education Department to consider broader relief and remove the $20,000 cap.