The Trump administration has agreed to resume student loan forgiveness for an estimated 2.5 million borrowers who are enrolled in certain in certain federal repayment plans following a lawsuit from the American Federation of Teachers. Under the agreement reached Friday between the teachers union and the administration, the Education Department will provide loan forgiveness for those eligible in certain repayment plans that offer lower monthly payments based on a borrower's earnings. The government had stopped providing forgiveness under those plans based on its interpretation of a different court decision.

President-elect Donald Trump has not said what he would do on student loan forgiveness, leaving millions of borrowers facing uncertainty over what will happen with their payments once President Joe Biden leaves office. Biden promised the student loan cancellation program during his run for the presidency and Trump has criticized his efforts. From its launch, Biden's loan forgiveness faced relentless pushback from Republican opponents. They say it heaps advantage on elites and comes at the expense of those who repaid their loans or did not attend college. Borrowers around the country are worried, student loan experts say.

The U.S. Department of Education announced Wednesday it will send out emails to student loan borrowers on the status of loan forgiveness and t…

The Biden administration announced Thursday it will automatically erase student loan debt for more than 300,000 Americans with severe disabili…