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Associated Press

EXPLAINER: What’s behind changes in student loan forgiveness

A student debt forgiveness program with notoriously complex eligibility rules is getting an overhaul from the Biden administration, with the intent of extending debt relief to thousands of public workers. The Education Department announced Wednesday that it will lift some rules for Public Service Loan Forgiveness while it works on permanent improvements through a rulemaking process. The action will immediately make 22,000 workers eligible for loan cancellation estimated at $1.7 billion, and it will push more than 500,000 closer to debt relief.

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