Education Department announces student loan forgiveness for 800,000 borrowers
Headline from NBC4 Washington
The action is a result of what the department calls a “fix” to income-driven repayment plans. It’s expected to provide $39 billion in federal student loan forgiveness.
NBC4 Washington's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The action is a result of what the department calls a “fix” to income-driven repayment plans. It’s expected to provide $39 billion in federal student loan forgiveness.
The debt erasure applies to long-time borrowers who should have qualified for loan forgiveness under the rules of the government's income-driven repayment plans, but haven't received it.
