Some of the Americans who qualify for the Biden administration's federal student loan forgiveness plan may not see relief before payments are due again in January, officials said.
President Joe Biden announces student loan relief, Aug. 24, 2022, in the Roosevelt Room of the White House in Washington, DC.Biden administration's federal student loan forgiveness planWhite House press secretary Karine Jean-Pierre told ABC News at a briefing that the forgiveness policy is something that the administration wants to make sure "happens right away" -- but she stopped short of a specific timeline commitment to borrowers, deferring to the Department of Education .
Jean-Pierre on Thursday stressed that the administration wants to be certain that debt forgiveness is enacted in tandem with the restart of student loan payments, something the DOE will "be focused on."A key provision of the White House plan is that about 8 million borrowers may be eligible for automatic loan forgiveness because their income data is readily available to the DOE.
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