President Joe Biden withdrew his plan for broader student-loan forgiveness.
ANDREW CABALLERO-REYNOLDS/AFP via Getty Images
- Biden's administration posted notices to withdraw its broader student-loan-forgiveness plans.
- Amid lawsuits, the Education Department wrote that it stands by the legality of its debt-relief plans.
- The plans aimed to cancel some student debt for over 38 million borrowers.
President Joe Biden's administration has officially scrapped its...