According to NBC4i, nearly 100,000 people are eligible for student loan debt cancelation, the Department of Education announced on Wednesday.
The cancellations would apply to people who were affected by changes the agency made to the Public Service Loan Forgiveness program (PSLF) last year. In total, the cancellations would amount to almost $6.2 billion in student debt relief, according to CNN.
Under the Public Service Loan Forgiveness program, eligible borrowers were promised that their student loan debt would be canceled after they pay on the debt over the course of 10 years.
Get Breaking News & Exclusive Contest in Your Inbox:
The Latest:
- Alabama GOP Strike Down Bill That Would Require Police To Publicly Release Body Camera Video
- Simone Biles Says Jonathan Owens Is ‘The Sweetest’ Addressing Previous Social Media Backlash
- G. Dep Looks To Reconnect With Diddy Despite Assault Allegations [Video]
- GloRilla Arrested For DUI In Georgia, Boob Popped Out
- Ashanti and Nelly Are Engaged, Confirm Baby On The Way
- Cannabis Connection: 2 Chainz & Lil Wayne Tell Jimmy Fallon The Hilarious Story Of How They Met + How “Duffle Bag Boy” Came About
- What Does Tyler Perry Own? A List Of The Billionaire’s Business Dealings
- Taraji P. Henson Is Uber Stylish On The ‘TIME100’ Cover
- Save The Best For Last: Entertainment Icon Vanessa Williams Launches Her Own Record Label
- Candiace Dillard Bassett Reveals She’s Pregnant After Exiting RHOP