The Biden administration provided the most detail yet about who could be eligible for student-loan forgiveness under its second stab at a mass debt relief plan. 

It’s too early to know exactly who would qualify because the process to determine the contours of the debt-forgiveness plan is still underway. But if the Biden administration gets what it pitched Monday, this new debt-relief proposal likely won’t impact as many borrowers as the plan the Supreme Court knocked down in June, which would have canceled up to $20,000 in…