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The Biden administration is tackling the flaws in the federal student-debt forgiveness programs, but it could take a while to see results.

On Monday, the Education Department announced it is beginning the process of issuing new higher education regulations, mainly concerning student debt-forgiveness programs. The first step of the process will be through holding hearings in June to receive feedback on “regulations that would address gaps in postsecondary outcomes, such as retention, completion, student loan repayment, and loan default.” The department will also seek comments on rules regarding student loan forgiveness for borrowers in public details ⇒

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