The White House has approved nearly $144 billion in federal loan forgiveness for about 4 million borrowers in total, according to the administration. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly. These public service workers have dedicated their careers to serving their communities, but because of past administrative failures, never got the relief they were entitled to under the law.
From day one of my Administration, I promised to fix broken student loan programs and make sure higher education is a ticket to the middle class, not a barrier to opportunity. I won’t back down from using every tool at my disposal to deliver student debt relief to more Americans, and build an economy from the middle out and bottom up. which allow eligible borrowers to have their remaining debt forgiven if they have made a certain number of payments and are working for approved employers. about $5 billion in debt for 74,000 public-sector borrowers. The White House has approved nearly $144 billion in federal loan forgiveness for about 4 million borrowers in total, according to the administration. Starting next week, the White House will also email about 380,000 borrowers to inform them that they are on track to have student debt canceled within two year
Source: Loan Digest (loandigest.net)
White House Federal Loan Forgiveness Borrowers Student Debt Relief Administration
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