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- Biden is going through negotiated rulemaking to implement his new student-debt relief plan.
- It recently took his Education Department 15 months to go through that process.
- The process requires the administration to hold negotiations and solicit public feedback.
Student-loan forgiveness might not reach borrowers anytime soon.
After the Supreme Court struck down President Joe Biden's first attempt to cancel student debt using the HEROES Act of 2003, the Education Department announced it would be trying again — this time using the Higher Education Act of 1965.