Top Education Department officials have developed detailed plans to carry out student loan forgiveness for millions of Americans as they wait on President Joe Biden to make a final decision, according to internal agency documents obtained by POLITICO.
The documents sketch out the mechanics of how the agency expects to manage and operate a possible mass debt cancellation program on a scale that would be unprecedented in the history of the federal student loan program — if the White House were to give it the green light.
Education Department officials, the documents show, are prepared to provide debt relief automatically, within several months, to several million borrowers for whom the agency already has income information. Most other borrowers, according to the documents, would apply through a form on StudentAid.gov by self-certifying they qualify for relief. Read more…
