US President Joe Biden speaks during an event in Madison, Wisconsin, US, on Monday, April 8, 2024.
Daniel Steinle | Bloomberg | Getty Images
With weeks to go before President-elect Donald Trump takes office, the Biden administration is still taking steps to deliver sweeping student loan forgiveness to millions of Americans.
The U.S. Department of Education has submitted its so-called “Plan B” for student loan cancellation to the Office of Management and Budget for review.
“OMB review is the last step” before the policy is published in the Federal Register, said higher education expert Mark Kantrowitz.
Once the rule is published, the Education Department could begin reducing or eliminating people’s loans, Kantrowitz said.
More from Personal…
