Biden's Education Department just pushed back the deadline for student-loan borrowers to see debt relief through a one-time reform
It'll take a little longer than anticipated for student-loan borrowers to experience the benefits of a one-time reform through targeted debt relief programs.temporary and permanent changes
PSLF promises debt relief for government and nonprofit workers after ten years of qualifying payments, and IDR plans give borrowers affordable monthly payments based on their income with the promise of debt relief after at least 20 years. But both of the programs have kept some borrowers paying off debt for longer than necessary due to issues tracking payments, among other things. That's why the department is implementing a series of reforms.
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