Biden Reverses On Debt Cancellation For Hundreds of Thousands

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Students from George Washington University wear their graduation gowns outside of the White House in Washington, DC, on May 18, 2022. STEFANI REYNOLDS/AFP via Getty Images hide caption

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STEFANI REYNOLDS/AFP via Getty Images

Students from George Washington University wear their graduation gowns outside of the White House in Washington, DC, on May 18, 2022.

STEFANI REYNOLDS/AFP via Getty Images

The U.S. Department of Education has quietly changed its guidance around who qualifies for President Biden's sweeping student debt relief plan. People who took out Perkins loans and Federal Family Education Loans, the mainstay of the federal student loan program until 2010, may no longer be eligible for forgiveness.

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