The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.

Some Democratic lawmakers are pressuring the Biden administration to take further action on student loans before President-elect Donald Trump takes office, including finalizing some debt forgiveness it already approved.

The Education Department effectively halts the regulations before the inauguration of Trump, who has voiced opposition to both

With just under a month left in his administration, President Joe Biden managed to fulfill one of his campaign promises, forgiving the student debts of nearly 55,000 borrowers. Do

The Biden administration withdrew a proposal to forgive the student debt of borrowers who experienced hardship.

The Biden administration is officially withdrawing its sweeping proposals to cancel student debt for tens of millions of Americans, effectively closing the door on mass loan forgiveness in the waning days of Joe Biden’s presidency.

President Joe Biden's administration announced on Friday another $4.28 billion dollars in student loan relief for nearly 55,000 public service workers.

The Biden administration withdrew some of its top education proposals on Friday, including its plans to overhaul federal student loans and to set rules around the participation of transgender athletes on school sports teams.