CNN - The Biden administration on Thursday announced another round of student loan forgiveness, bringing the total amount of student loan cancellation to more than $175 billion for nearly 5 million people since Biden took office. More than 1 million of these student loan borrowers received debt relief through the Public Service Loan Forgiveness program, which promises loan forgiveness to public-sector workers — like teachers and nurses — after they've made 10 years of qualifying payments. However, other student loan relief efforts, including a new repayment plan known as Saving on a Valuable Education (SAVE), are tied up in litigation. The lawsuits were filed by groups of Republican-led states that argue that the Department of Education does not have the legal authority to implement the costly debt-relief programs.
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