As Donald Trump’s debt relief plan comes into action, a report has suggested that wiping student loan debt could massively boost the US economy.
Millions of borrowers are due to have their debt forgiven as President Trump’s administration moves to restart loan forgiveness plans that were frozen earlier this year.
The move comes after months of legal battles between the White House and the American Federation of Teachers, who sued when the government stopped processing forgiveness applications.
Since then, the AFT has been in talks with the Department of Education, and on Friday (October 17), the two parties finally reached an agreement.
Eligible borrowers under the Income-Contingent Repayment (ICR) plan or the Pay as You Earn (PAYE) plan…