"Massive Student Loan Relief on the Horizon: 164,000 Borrowers to Receive Automatic Forgiveness In a significant move, the U.S. Department of Education has begun notifying approximately 164,000 federal student loan borrowers that they are eligible for automatic loan forgiveness. This development marks a major step forward in the Biden administration's efforts to provide relief to struggling student loan borrowers. The borrowers, whose loans were taken out before July 1, 2010, are set to have their debt wiped clean, with no further action required from them. This move is expected to bring significant financial relief to thousands of individuals and families, who will no longer be burdened by the weight of their student loan debt."
Today, about 164,000 federal student loan borrowers are being notified that they are eligible for automatic loan forgiveness.
