Similar Stories to Biden's New Plan For Student-loan Forgiveness Is Entering Its Next Key Stage — And Millions Of Borrowers Will Have A Say O on Bing News

President Joe Biden.MANDEL NGAN/AFP via Getty ImagesBiden released the draft text for his new student-loan forgiveness plan.Borrowers will have a 30-day public comment period to provide feedback on the proposals.The Education Department aims to begin implementing the relief as early as this fall.Millions of student-loan borrowers are moving closer to President Joe Biden's new plan for debt cancellation.On Tuesday, the Education Department released its first set of draft rules for Biden's second attempt at student-debt relief after the Supreme Court struck the first plan down.The regulatory text comes after Biden unveiled details of the plan last week, which included up to $20,000 in debt relief for borrowers with unpaid interest and relief for those who have made at least 20 years of payments.