Get the latest tech news

New US Student Loan Forgiveness Brings Total to $175 Billion for 5 Million People

"Biden forgives more student loans," read Thursday's headline at CNBC. While this time it was $4.5 billion in student debt for over 60,000 public service workers, "The Biden-Harris Administration has approved $175 billion in student debt relief for nearly 5 million borrowers through various action...

"We vowed to fix that," he added... Thursday's announcement impacts about 60,000 borrowers who are now approved for approximately $4.5 billion in student debt relief under PSLF. The Biden administration has made it easier for about 572,000 permanently disabled borrowers to receive the debt relief to which they are entitled. The Biden administration is conducting a one-time recount of borrowers' past payments and making adjustments if they had been counted incorrectly, bringing many people closer to debt relief.

Get the Android app