Biden Administration to cancel $6 billion worth of student loan debt

Authored by and submitted by Zatoichi_9

COLUMBUS, Ga. (WTVM) - The Biden Administration is canceling more than $6 billion worth of federal student debt.

Wednesday, the U.S. Department of Education said it has identified 100,000 borrowers eligible for the ‘Public Loan Forgiveness Program’.

The program launched 15 years ago, however the administration under Biden has made changes to it in October.

Now some borrowers have until October to apply for the forgiveness.

For more information on student loan debt cancellation, click here.

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FlingbatMagoo on March 12nd, 2022 at 10:10 UTC »

Don’t get excited, guys. There won’t be any student debt forgiveness until the day after I’ve paid off my student loan, so we’ve got another 17 years to go.

Downtown-Cress-5202 on March 12nd, 2022 at 02:41 UTC »

There are very strict requirements for this to apply to you

121gigawhatevs on March 12nd, 2022 at 00:44 UTC »

This is a weirdly uninformative article about changes to the PLSF program that were announced a few months ago I believe.