WASHINGTON (NEWSnet/AP) — President Joe Biden will announce his latest effort to broaden student loan relief next week, according to three people familiar with the plan.

This comes nearly a year after the Supreme Court rejected his administration’s first attempt through the HEROES Act to cancel up to a certain amount of debt for millions of borrowers who had federal student loans.

Biden will detail his new plan Monday in Madison, Wis., where the flagship campus of the University of Wisconsin is located.

The actual regulations — including who would qualify to get their student loan debt reduced or eliminated — are not expected to be released then, said the people, who were granted anonymity to detail a proposal not yet made public. 

But one of the categories of people who are expected to qualify under the new proposal is those with financial hardship

The president announced immediately after the Supreme Court decision that Education Secretary Miguel Cardona would undertake the process because he would have the power, under the Higher Education Act, to waive or compromise student loan debt in specific cases. Administration officials believe that authority, and using the federal rule-making process, puts the overall goal on a stronger legal footing than the proposal that was throttled by a 6-3 court majority last year.

“This new path is legally sound,” Biden said then. “It’s going to take longer, but, in my view, it’s the best path that remains to providing for as many borrowers as possible with debt relief.”

Unless otherwise waived or forgiven, federal student loan repayments resumed in October 2023 after a pandemic-related pause on required payments.

In the meantime, the administration has worked on addressing student loan issues for specific groups of borrowers, including public service workers who were eligible under a previously introduced plan. There also is a new repayment plan option called SAVE that some federal student loan borrowers can sign up for.

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