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The discharges include $2.6 billion for 34,400 borrowers using the public service loan forgiveness program and waiver and $2.2 billion for 46,000 borrowers under the one-time payment adjustment for income-driven repayment plans.
President Biden today wiped away an additional $9 billion in student debt. Since he took office, his administration has discharged $127 billion in student loan debt for more than 3.5 million borrowers.
The White House released data showing the number of borrowers in each state who were eligible for automatic loan relief under the one-time payment adjustment for income-driven repayment (IDR) plans. We show the map.
Today, the Department of Education announced that 800,000 borrowers will have $39 billion in federal student loans discharged as a result of a one-time payment adjustment.
Today, the Department of Education announced that 800,000 borrowers will have $39 billion in federal student loans discharged as a result of a one-time payment adjustment.