Trump administration agrees to deliver more student loan forgiveness

The Trump administration has agreed to cancel student debt under programs it had partially blocked, reopening a path to student loan forgiveness for millions of borrowers.

The outcome is the result of an agreement reached on Friday between the U.S. Department of Education and the American Federation of Teachers, a union.

In the agreement, the Trump administration said it will again process student loan forgiveness for eligible borrowers in two income-driven repayment plans — the original Income-Contingent Repayment plan and the Pay as You Earn plan — as long as those programs remain in effect...