On Tuesday, the Biden-Harris Administration released a preliminary rule on student debt relief for up to 30 million borrowers. The proposed rules will be formally published in the Federal Register on Wednesday, April 17 for a 30-day public comment period. In the coming weeks, the Administration is expected to release a second package of proposed rules, which will include a proposal for borrowers experiencing hardship.
The preliminary rule released Tuesday is here and the proposed rule released on Wednesday is here. A fact sheet from the Administration is available here. A press release from the Department of Education is available here.