Huge win for borrowers as US Education Department resumes student loan forgiveness for millions: Here's what to know

The US Department of Education has resumed student loan forgiveness for millions after reaching an agreement with the American Federation of Teachers. The deal allows income-driven repayment borrowers to receive tax-free loan cancellations and reimbursements for extra payments. It also reopens paused programs like IBR and PAYE, offering long-awaited relief and stability to student debt holders.