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Biden's Team Aims to Ease Burden for Student Borrowers With Curbs on Interest

  • Proposed changes would curb interest charges, simplify relief
  • Education Department plans come as Biden considers forgiveness
Miguel Cardona

Miguel Cardona

Photographer: Susan Walsh/AP Photo

The Biden administration proposed rules changes to make it easier for some student loan borrowers to get their debt discharged or forgiven and limit how much interest gets added to outstanding balances.

The Education Department on Wednesday announced the proposals to expand targeted relief programs as President Joe Biden is under pressure from some Democrats in Congress to authorize widespread loan forgiveness for many of the 43.4 million Americans with student debt.