Biden Administration Advances on Student Loan Forgiveness Despite Supreme Court Setback

Following the Supreme Court's rejection of a broad student loan forgiveness plan, the Biden administration continues to implement targeted relief and develop new initiatives.

The Biden administration has approved nearly $140 billion in student loan forgiveness, benefiting millions of borrowers.
A second attempt at broader student loan forgiveness is underway, using the Higher Education Act of 1965 for a new regulatory approach.
Key deadlines for student loan forgiveness initiatives, including the IDR Account Adjustment and the SAVE plan, are approaching.
The Education Department is expected to publish new regulations for Biden's latest student loan forgiveness plan as soon as May 1.
Despite challenges, the administration remains committed to providing relief and improving loan forgiveness programs for borrowers.