Student Loan Forgiveness

The Education Department has canceled around $6.8 billion in student debt for more than 110,000 borrowers through the public service loan forgiveness waiver.

The White House was notably more measured about Biden’s stance, but such moves would be a boon to many of the 43 million Americans carrying student loans.

A new federal report finds that record-keeping failures by the Education Department may have left thousands of Americans stuck with student debt that should have been forgiven.

The Biden administration has extended the pause on federal student loan payments until the end of January.