These loans no longer qualify for Biden's student loan forgiveness program

(The Hill) - President Biden’s student loan forgiveness plan was abruptly updated on Thursday to exclude borrowers with privately held federal student loans, according to Education Department guidance.As of Thursday, borrowers with federal student loans not held by the Education Department are no longer eligible to obtain one-time debt relief by consolidating those loans into Direct Loans, the guidance said.The department said only borrowers in the Federal Family Education Loan (