"Biden Unveils New Plan for Broad Student Loan Relief"

President Biden will announce a new effort to reduce or eliminate student loan debt for millions of borrowers, aiming to revive his goal of providing large-scale relief for Americans struggling to pay off their college loans. The proposed regulations by the Education Department will target borrowers with accrued interest and financial hardship, and are expected to be published in the next few weeks. This comes after the Supreme Court blocked Biden's first attempt at large-scale student debt relief last summer, and the new rules are likely to face legal challenges and a required public comment period before going into effect.