By David Wetzel New York (Knewz) — The Biden Administration on July 6 released new proposed regulations to expand and improve student debt relief. The major part of the proposal calls for alleviating student loan debt for borrowers whose schools have closed or lied to them, those who are totally and permanently disabled and those public service workers who have met their commitments under the Public Service Loan Forgiveness program. Also, the plan calls for stopping many instances of interest capitalization that occurs when interest is added to a borrower’s principal balance to increase the am…