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You are here News Politics Student loan debt forgiveness arrives for some borrowers as payments resume for others

Student loan debt forgiveness arrives for some borrowers as payments resume for others

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Biden and Cardona

Because of bureaucratic mix-ups or other obstacles, the White House said, this group of student loan borrowers never got the relief they were entitled to all along.

Another 125,000 student loan borrowers will have $9 billion in student loan debt erased, the Biden administration said Wednesday.

Those borrowers were already eligible for cancellation through various programs: Public Service Loan Forgiveness for people working as teachers and health care workers, for instance; income-driven repayment plans that link payments to wages and forgive balances after 20 or 25 years of payments; or discharges for those with disabilities.

The White House said the $9 billion in debt forgiveness breaks down like this:


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