DOE scales back student loan forgiveness eligibility as Biden gets sued over plan

biden student loan photo
(Image credit: OLIVIER DOULIERY / Contributor/Getty Images)

The Biden administration has rolled back eligibility for its student loan forgiveness plan on the same day six Republican states filed a lawsuit to prevent the plan from being implemented, per CNN.

Initially, borrowers with student loans held by private lenders qualified for forgiveness if they consolidated their loans into the federal Direct Loans program. Borrowers took on many such private loans under the former Federal Family Education Loan (FFEL) and the Federal Perkins Loan programs.

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Theara Coleman, The Week US

Theara Coleman has worked as a staff writer at The Week since September 2022. She frequently writes about technology, education, literature and general news. She was previously a contributing writer and assistant editor at Honeysuckle Magazine, where she covered racial politics and cannabis industry news.