4 October 2023
The White House announced loan relief benefiting 125,000 Americans, due to modifications in federal programs. This includes $5.2 billion for 53,000 public service employees, $2.8 billion for 51,000 borrowers with over 20 years of payments, and $1.2 billion for 22,000 borrowers with disabilities. This action follows the Supreme Court’s rejection of Biden’s initial plan to reduce $430 billion in student debt.