The Department of Education will forgive the debts of 804,000 people, an effort to fix what it calls 'administrative failures' that denied student loan borrowers relief they were eligible for under their repayment plans.
July 14, 2023, 7:02 AMBentley University graduates listen to the commencement ceremony in Waltham, May, May 20, 2023.
"By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve, just as we have done for public servants, students who were cheated by their colleges, and borrowers with permanent disabilities, including veterans," Cardona said. Friday's debt relief for over 800,000 people acknowledges that the second part of the plan -- cancellation -- often isn't happening, an issue that has also beenIn 2022, the Government Accountability Office wrote that "the Department of Education has had trouble tracking borrowers' payments and hasn't done enough to ensure that all eligible borrowers receive the forgiveness to which they are entitled.
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