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Biden administration begins canceling student loan debt for 804,000 borrowers

abcnews.go.com Biden administration begins canceling student loan debt for 804,000 borrowers

The Biden administration is canceling student loan debt for 804,000 borrowers who qualify under income-driven repayment plans but haven't received it because of errors

Biden administration begins canceling student loan debt for 804,000 borrowers

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

The notices will come 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 haven't yet received it because of what officials have called administrative failures.

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