Source: Susan Svrulga, Washington Post ( Paid Registration )

The Biden administration announced that it will forgive the student loans of more than 800,000 borrowers who enrolled in income-driven repayment plans.

Qualifying borrowers who have met the necessary threshold for forgiveness will be notified. Types of loans covered include Direct Loans or Federal Family Education Loans held by the Education Department, including Parent PLUS loans.

Read Full Article: Biden administration announces $39 billion in student loan forgiveness