Department of Education releases new regulations revamping student loan relief programs

Keyboard with student loan repayment key
(Image credit: Peter Dazeley/Getty Images)

The Department of Education on Monday released a final set of new regulations for its student loan programs, which roll back a number of changes made during the Trump administration and will reduce the amount owed by many borrowers, The New York Times reports.

"The regulations announced today will streamline a needlessly complicated system and give borrowers a simpler and more often automatic path to the discharges they deserve," said Education Department Under Secretary James Kvaal.

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