Backlink: VISIONTIMES

The Biden administration quietly issued an update to its student loan forgiveness plan on Thursday, drastically scaling back eligibility on the same day that six Republican-led states filed a lawsuit against President Joe Biden, claiming his student loan forgiveness plan is illegal.

As of Thursday, borrowers who have federal student loans that are owned by private entities and not by the U.S. Department of Education will no longer qualify for the relief program.