Biden's latest student debt move will bring 3.6 million borrowers closer to loan forgiveness
CNN
The Department of Education is making more changes to the federal student loan system that will help bring millions of borrowers -- some of whom may have previously been in forbearance -- closer to receiving debt forgiveness.
These new actions, announced Tuesday, are the latest moves by the Biden administration to make it easier for federal student loan borrowers to receive forgiveness that they may already be entitled to under existing programs.
By the end of March, more than 700,000 of the 43 million federal student loan borrowers had seen their outstanding debt discharged under President Joe Biden, totaling more than $17 billion in relief. He recently extended a pandemic-related payment pause for federal student loans until August 31.
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