Reported 11 months ago
Steven Perry, a 58-year-old Gen Xer, had $110,000 of student loans forgiven under Biden's one-time account adjustments, after making payments for over 20 years. The forgiveness allowed him to abandon his plans to work part-time in retirement. Despite facing challenges with paperwork for Public Service Loan Forgiveness, Perry unexpectedly received relief, bringing financial security and the opportunity to save for his family's future without the burden of crushing debt. The Education Department's plan to complete account adjustments and broader student loan forgiveness further eased the financial strain for Perry and thousands of others.
Source: YAHOO