Monday, August 21, 2023

Biden-Harris Administration Begins Discharges for 804,000 Borrowers with $39 Billion in Automatic Loan Forgiveness as a Result of Fixes to Income-Driven Repayment Plans

The U.S.Department of Education today announced that automatic discharges will begin for 804,000 borrowers who qualify for $39 billion in student loan relief as a result of fixes to income-driven repayment (IDR) plans implemented by the Biden-Harris Administration since April 2022. In total, the Biden-Harris Administration has approved more than $116 billion in student loan forgiveness for more than 3.4 million borrowers.

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