The Biden administration announced Friday it was forgiving almost $5 billion for some 73,600 student loan borrowers.

The White House said more than half, almost 44,000, of the borrowers who received student debt relief Friday are teachers, nurses, firefighters and other individuals who have been on the Public Service Loan Forgiveness program for 10 years.

The other almost 30,000 borrowers have been on an income-driven repayment program for 20 years.

Read Article >>>