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Here’s Where Student Loan Forgiveness Stands After a Flurry of Developments

Biden’s new plan for broad student loan forgiveness is now undergoing a formal rulemaking process. Public hearings to determine who, exactly, should qualify for this relief wrapped up in December, but the details haven’t been finalized.

“We’re all in a wait-and-see mode,” Mayotte says. “Waiting to see what the final rules look like sometime this summer and fall — and waiting to see if there will be court challenges and, if so, how successful they will be.”