Top Democrats, including Senate Majority Leader Chuck Schumer, are raising new alarms that the Biden administration is moving toward a second student debt cancellation program that leaves out too many borrowers and offers insufficient relief.

The Education Department in recent weeks unveiled draft plans for a narrower, more targeted loan relief plan to replace President Joe Biden’s initial, sweeping program that the Supreme Court struck down as illegal in June.

But some of the progressive lawmakers who successfully convinced Biden to cancel student debt in the first place are concerned the latest proposals don’t go far enough. They’re pressing the administration to exercise its legal authority to the “fullest extent” to maximize debt relief.

Schumer, Sen. Elizabeth Warren (D-Mass.), Sen. Bernie Sanders (I-Vt.) and other lawmakers wrote to Secretary Miguel Cardona that his agency’s latest draft plan “would fall far short of providing the full scale of debt relief that low- and middle-income Americans urgently need.”

The letter, which was shared with POLITICO ahead of its release on Monday, details a range of recommendations for the........

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