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The Trump administration has reached a new agreement with the American Federation of Teachers (AFT) that could unlock long-awaited student loan relief for millions of borrowers.
The agreement allows the Department of Education to resume processing forgiveness for borrowers enrolled in Income-Contingent Repayment (IDR), Pay As You Earn (PAYE) and the Public Service Loan Forgiveness (PSLF) programs — especially those who’ve been chipping away at their loans for more than two decades. These programs will remain in place until 2028, when they’re expected to be phased…