Education Department Presses Forward With Student Loan Forgiveness Effort

As the federal government teeters on the edge of a shutdown, the U.S. Department of Education said Friday it is still moving forward with a regulatory effort to cancel broad amounts of student loan debt. The new venture follows the Biden administration suffering a major legal defeat this summer. Now, the White House is pursuing loan forgiveness through what will likely be a much lengthier process known as negotiated rulemaking, which brings together parties affected by regulatory changes to find common policy ground.