A week after previewing its plans to provide debt relief for 26 million Americans, the Biden administration is taking the next step this week to making it a reality.
Today, the Education Department published the proposed regulations that will enable the debt relief on the Federal Register. The rules are open to public comment for the next 30 days. After that, Department staff must review and respond to every comment before issuing a final rule. Officials say they hope to finalize the rule—and start forgiving debts—this fall.
