Some Student-Loan Borrowers Get New Hope in Latest Biden Plan

The Biden administration on Friday advanced a more narrowly focused proposal for student loan forgiveness, using a different process than the broader plan that the Supreme Court overturned in June.

Questions released by the department indicate whom the agency might focus on with this round of relief. On the list are borrowers whose balances exceed what they originally borrowed, those whose loans first entered repayment decades ago, people who attended programs that didn’t provide sufficient financial value, those who are eligible for income-driven repayment plans but haven’t applied, and individuals whose financial hardship hasn’t been adequately addressed by the student-loan system.

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