White House: Texas, California, Florida have most borrowers eligible for student loan forgiveness ...Middle East

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Texas, California and Florida are the states with the most amount of student loan borrowers who can get debt relief provided through the Biden administration’s income-driven repayment (IDR) plans, the White House announced Tuesday morning. The Biden administration said Friday it will provide $39 billion in total student loan forgiveness for 804,000 borrowers through the IDR plans, in which the federal government cancels remaining balances for the borrower after they have made their payments for 20 or 25 years. In the state of Texas, 63,730 borrowers have been approved for an IDR discharge, which is nearly $3.1 billion in debt eligible for discharge. In Florida, there are 56,930 borr

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