Experts Can’t Agree on Biden’s New Student Loan Relief Plan. What’s Next.

After three months of negotiations, a panel of higher education experts could not agree on key elements of the Biden administration’s latest student loan forgiveness plan. The group, convened by the Education Department, has been hammering out a regulation to replace the debt relief program the Supreme Court struck down earlier this year. Student advocates and borrowers on the committee have pressed for a plan as far-reaching as Biden’s initial bid to cancel up to $20,000 in federal student loan debt for about 40 million people. But the administration is opting for a narrower approach, placing it at odds with some negotiators.