Topline
The Biden administration announced Friday its canceling approximately $5 billion in student debt relief, largely for public servants, the latest incremental step the White House has taken on student loan forgiveness, even though its more ambitious student loan relief program was thwarted by the Supreme Court.
Key Facts
The administration approved debt relief for approximately 74,000 borrowers, the White House said Friday.
Of those 74,000, approximately 44,000 are public servants like teachers, nurses and firefighters who qualified for loan forgiveness after 10 years through the Public Service Loan Forgiveness program.
Another nearly 30,000 are borrowers on income-driven repayment plans who didnt get the relief they ea…
Read the full article at: https://www.forbes.com/sites/alisondurkee/2024/01/19/student-loan-forgiveness-biden-approves-another-nearly-5-billion-in-debt-relief-for-74000-borrowers/