Only certain borrowers are getting student loans wiped under Trump’s plan: Here’s why it’s so limited

A limited group of US federal student loan borrowers is receiving debt cancellation under President Donald Trump’s administration, but only those enrolled in the Income-Based Repayment (IBR) plan qualify. Borrowers must have made 240 or 300 payments depending on loan dates. The relief follows changes under Trump's legislation and recent court rulings. Processing may face delays due to a government shutdown. The Department of Education has not commented, CNBC reported.

Education