08/17/2023

Biden Administration Begins Canceling Student Loan Debt for 804,000 Borrowers

Borrowers started getting emails announcing the forgiveness this week

Starting Monday, hundreds of thousands of federal student loan borrowers received emails from their servicers with the subject line "Your student loans have been forgiven."

The notices came as part of the Biden administration's previously announced efforts to cancel debt for 804,000 borrowers who qualify for relief under their repayment plans but have not yet received it because of what officials have called administrative failures.

The emails started going out on Monday, according to a copy of the confirmation notices to borrowers that ABC News exclusively obtained.

Please select this link to read the complete article from ABC News.