Who qualifies for latest student loan forgiveness plan, and what do you have to do?

The Biden administration is promising nearly $40 billion in student loan forgiveness in a plan that could give relief to thousands of borrowers. The Biden administration has framed the new policy as a correction to the way the monthly payments for income-driven repayment (IDR) plans are calculated. Some plans will forgive the remaining debt after 20 or 25 years of making qualifying monthly payments.