NextGen

Education Dept. Overhauls Public Service Loan Forgiveness Program

GettyImages-1298629300-student-loan-relief New York Times

President Biden previously pledged to forgive $10,000 of every borrower's federal student debt, but there seems to have been little action on this front so far. However, he has still extended relief to tens of thousands of specific types of borrowers, such as those who went to ITT Technical Institute, which was found to have misled borrowers as to the transferability of its credits.