U.S. President Joe Biden delivers remarks during the Tribal Nations Summit at the Department of the Interior in Washington, D.C., U.S., December 9, 2024.
Elizabeth Frantz | Reuters
The Biden administration has withdrawn two major plans to deliver student loan forgiveness.
The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.
The combined policies could have reduced or eliminated the education debts of millions of Americans.
The Education Department posted notices in the Federal Register on Friday that it was withdrawing the plans, weeks before…
