Student-loan borrowers can now submit comments to Biden's Education Department on its plans to improve debt relief
Biden's Education Departmentreleased a list of proposals to reform the student-loan industry.
- The public can now submit comments on those proposals for the next 30 days.
President Joe Biden's Education Department wants to know what you think of its plans to reform the student-loan industry.
Two weeks ago, the department released 750 pages of proposals on
Those proposals are part of the regulatory process — a years-long process that involves negotiated rulemaking with experts and stakeholders that generated the department's proposals, with final implementation by July 2023.
"Student loan benefits also should not be so hard to get that borrowers never actually benefit from them," Education Secretary
As of Wednesday, the proposals entered a 30 day period of public comment, in which anyone can submit a comment on the changes the department put forth. The process is simple: click on this link to read the proposals in question. The option to submit a comment is in the top left corner, and your deadline for submission is August 12.
As Insider previously reported, a major focus of the proposals are reforms to student-loan forgiveness programs. The Public Service Loan Forgiveness (PSLF) program, which is intended to forgive
Meanwhile, Biden is also in the process of deciding whether he will implement broad student-loan forgiveness for federal borrowers. He is reportedly considering $10,000 in relief for borrowers making under $150,000 a year, and his officials have said an announcement will be made before the pause on student-loan payments expires after August 31.
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