"Mass Student Loan Forgiveness Underway: 164,000 Borrowers to Receive Automatic Debt Relief. In a significant move to alleviate the financial burdens of millions of Americans, the U.S. Department of Education is set to notify nearly 164,000 federal student loan borrowers that they are eligible for automatic loan forgiveness. This development marks a major milestone in the Biden administration's efforts to tackle the country's crippling student loan debt crisis. As part of the administration's plan, these borrowers will have their remaining balances erased, providing a much-needed lifeline to individuals who have struggled to make ends meet under the weight of overwhelming debt."
Today, about 164,000 federal student loan borrowers are being notified that they are eligible for automatic loan forgiveness.
