News on student loan relief coming soon, Education Secretary Cardona says

The Biden administration will reveal its plans for student debt relief by the end of this month, Education Secretary Miguel Cardona said Sunday.

Millions of Americans could have their student loans forgiven under a draft plan being worked out at the Education Department, according to published reports.

But details remain up in the air.

“I don’t have a decision for you today,” Cardona said on CBS’ “Face the Nation.”

“But … I will tell you that daily, we’re having conversations about this, and the American folks will hear it before the end of the month.”

Under the draft plan, student debt relief could come automatically for several million borrowers within several months, Politico reported, while other borrowers could apply to qualify.

All kinds of federal student loans, including ones owned by private groups, would be eligible.

President Joe Biden has yet to sign off on the measures.

Cardona also touted an existing debt relief program for educators to help address teacher shortages throughout the country.