December 04, 2024
Borrowers Plead With Biden for Debt Relief
Student loan borrowers and their advocates have urged the Biden administration in public comments to implement its final effort to provide student debt relief, fearing what could happen during the next Trump administration. This latest plan is geared toward people facing financial hardship. The Biden administration received more than 14,000 comments on the proposal before the comment period ended Monday, though fewer than 600 were publicly posted Tuesday afternoon. Officials at the Education Department must read and respond to those comments before finalizing the ruleāthe last step before borrowers could see debt relief.