The Trump administration has agreed to resume processing student debt cancellations under two key income-driven repayment plans it had previously limited.
00:00The Trump White House has agreed to resume processing student debt cancellations under two key income-driven repayment plans it had previously limited, reopening a path to relief for millions of borrowers.
00:12The agreement, reached Friday between the U.S. Department of Education and the American Federation of Teachers, ensures that borrowers in the income-contingent repayment and pay-as-you-earn plans will again be eligible for forgiveness.
00:25Advocates called the deal a tremendous win for borrowers, saying it forces the government to deliver legally mandated debt relief to teachers and public service workers nationwide.
00:36The decision impacts more than 2.5 million borrowers and marks a significant shift in the White House's handling of student loan forgiveness.
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