"Massive Student Loan Forgiveness Wave Hits 164,000 Borrowers: A major milestone in the ongoing effort to alleviate the financial burden of student debt has been reached, with the U.S. Department of Education notifying approximately 164,000 federal student loan borrowers that they are eligible for automatic loan forgiveness. This significant development comes as a result of a court-ordered rule change, which has paved the way for thousands of low-income borrowers to have their loans wiped clean. The automatic forgiveness is part of a broader initiative aimed at addressing the crippling student loan debt crisis, which affects millions of Americans. With this latest move, the Biden administration continues to push forward with its promise to make higher education more accessible and affordable for all."
Today, about 164,000 federal student loan borrowers are being notified that they are eligible for automatic loan forgiveness.