Government Announcing More Student Loan Forgiveness Details In October

Once the application becomes available in October, borrowers will have until December 2023 to complete it.

An estimated 43 million Americans will receive student debt relief, with the Biden administration saying the details on how to get it will be announced in early October. 

It's welcome news to lots of borrowers, like Mary Dunne, who owes $60,000 in loans. 

"The $5,600 that I'm paying towards my student loans every month is money I can be filtering into the economy," she said.