The Biden administration is relieving more student debt.
The Department of Education says beginning tomorrow, it'll start emailing borrowers who have at least one outstanding federal student loan to let them know about potential upcoming relief.
“Today, the Biden-Harris administration takes another step forward in our drive to deliver student debt relief to borrowers who’ve been failed by a broken system,” said U.S. Secretary of Education Miguel Cardona. “ The Biden-Harris Administration made a commitment to deliver student debt relief to as many borrowers as possible as quickly as possible, and today, as we near the end of a lengthy rulemaking process, we’re one step closer to keeping that promise.”
Cardona says these new steps are the latest effort "to help millions of borrowers who've been buried under a mountain of student loan interest, or who took on debt to pay for college programs that left them worse off financially, and those who have been paying their loans for twenty or more years."
(Photo by JOSEPH PREZIOSO/AFP via Getty Images)