This was no ordinary letter. For Israel Harris, 48, it marked the end of two decades haunted by a six-figure student loan debt with accruing interest. “Congratulations! The Biden-Harris Administration has forgiven your federal student loan(s),

More than 317,000 borrowers are eligible for a total of $6.1 billion in new automatic student loan forgiveness, the U.S. Department of Education announced today.

Gibbs satisfied her 120 payments and had her remaining $185,000 in student loans forgiven under the PSLF plan. She was told by her loan servicer that despite her payments over the last 19 years, she would’ve still owed $365,000 due to interest if the loan had not been forgiven.

The path to student loan forgiveness has been tumultuous at best, and some borrowers eligible for relief may have missed a key deadline to consolidate their student loans. Borrowers had until April 30,

Student loan forgiveness has become one of the most hotly debated issues of our time. With figures like $1.7 trillion in outstanding debt nationwide, it’s easy to understand why. But the impact goes WAY beyond just those who directly benefit.

Student loan forgiveness for public sector workers including teachers, nurses and firefighters is paused temporarily as the Department of Education revamps the program.