Reported 11 months ago
Steven Perry, aged 58, had $110,000 in student loans forgiven unexpectedly after paying them off for over two decades. This forgiveness, part of a one-time account adjustment by the Biden administration, relieved him of financial burden, allowing him to save for retirement without working part-time. The forgiveness stemmed from paperwork challenges with the Public Service Loan Forgiveness program. Thousands of borrowers have also benefited from similar adjustments. Perry, who had planned on working in retirement to pay his loans, expressed gratitude for the newfound financial security.
Source: YAHOO