Biden administration scales back student debt relief

The Biden administration is scaling back its student debt relief program over legal challenge concerns.

The Education Department announced Thursday it no longer would allow borrowers who have federal student loans that are owned by private entities to qualify for the relief program, according to Politico. Those types of student loans comprise just several million of the roughly 45 million Americans with federal student loans.

Six GOP attorneys general, including that of Missouri, sued Thursday to block the loan forgiveness program.

Read more from Politico.