The Trump administration has agreed to cancel student debt under programs it had partially blocked, reopening a path to student loan forgiveness for millions of borrowers.
The outcome is the result of an agreement reached between the U.S. Department of Education and the American Federation of Teachers, a union.
In the agreement, the Trump administration said it will again process student loan forgiveness for eligible borrowers in two income-driven repayment plans—the original Income-Contingent Repayment plan and the Pay as You Earn plan—as long as those programs remain in effect.
Read more at CNBC.
