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A window is closing for government, nonprofit employees to get student loans forgiven

For many borrowers, advocates say, some of those changes will end up being more significant than the $10,000 to $20,000 of across-the-board debt forgiveness — because they will lead to full cancellation.

“I’ve been working in the student loan industry in a compliance or advocacy role since the world was round,” said Betsy Mayotte, founder and director of the Institute of Student Loan Advisors. “And the last two years have had more significant and positive changes, especially for the most vulnerable student loan borrowers out there, than I’ve ever seen in my career combined.”