President Joe Biden's Education Department unveiled its student-debt relief proposal for borrowers facing hardship.Kyle Mazza/Anadolu via Getty ImagesThe Education Department released its proposal to provide student-debt relief to borrowers facing hardship.Hardship could include being unable to afford student loans alongside high childcare costs or medical bills.The department expects to finalize the proposal in 2025.President Joe Biden's Education Department has released another student-debt relief proposal — this time for borrowers facing hardship.On Friday, the Education Department unveiled its proposal to provide student-loan forgiveness for borrowers experiencing hardship caused by long-term financial disruptions, including high childcare costs, unexpected medical bills, natural disasters, or expenses from caring for a sick family member.According to the department, this proposal — if finalized — would benefit about 8 million borrowers who meet the hardship conditions.