Biden's Education Department just pushed back the deadline for student-loan borrowers to see debt relief through a one-time reform

• The Education Department announced a one-time account adjustment for borrowers in PSLF and income-driven repayment plans.
• In new guidance, the department pushed back the adjustment from July 2023 to 2024.
• It comes as Federal Student Aid did not receive any additional funding to implement reforms to a series of debt relief programs.

It'll take a little longer than anticipated for student-loan borrowers to experience the benefits of a one-time reform through targeted debt relief programs.