The White House's latest round of relief will help 125,000 borrowers.
Share on email student loan forgivenessWith the latest announcement, the Biden administration has now forgiven $127 billion of student debt for roughly 3.6 million borrowers, the White House said in a, which wipes out the student loan balance of public service workers who have worked for 10 years and made 120 qualifying payments.
About 51,000 borrowers will get the relief via an income-driven repayment plan. This will apply to people who have worked for 20 or more years but never received the debt forgiveness they were entitled to. Roughly 22,000 borrowers who have a "total or permanent" disability will also receive the relief, the White House said.
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