A Gen Xer got $110,000 in student loans forgiven after he'd paid off more than he borrowed. It's allowed him to scrap his plans to work part time in retirement.

Steven Perry, 58, was never anticipating student-loan forgiveness - even after making payments for more than two decades.

Having worked in the nonprofit field for the duration of his career, Perry applied for the Public Service Loan Forgiveness program, but was unable to receive relief due to paperwork issues.

Perry said, 'If I had any type of financial emergency, the first thing I would do would be putting my loan on forbearance for a short period of time.'

On August 16, 2023, Perry was surprised when $110,000 in loans were forgiven as a result of Biden's one-time adjustments.

Read at Business Insider