Education Student Loan Forgiveness on the Way for 800,000 Borrowers The Promise of Debt Erasure More than 800,000 federal student loan borrowers will soon experience the relief they have long awaited. The U.S. Department of Education is set to notify these borrowers that their student loan debts will be automatically erased. This promise of debt […]
Debt Erasure for Student Loan Borrowers: A Sign of Progress or Temporary Fix? Introduction The Biden administration recently announced a significant step towards alleviating the burden of student loan debt by erasing the remaining loan balances for over 800,000 borrowers, totaling $39 billion. This move is seen as an effort to rectify past errors made […]