"The forthcoming discharges are a result of fixes implemented by the Biden-Harris administration to ensure all borrowers have an accurate count of the number of monthly payments that qualify toward forgiveness under income-driven repayment plans," the agency said.
"Make no mistake—over 804,000 people are receiving relief with this action because of 804,000 failures." Persis Yu, deputy executive director and managing counsel at the Student Borrower Protection Center, applauded the change as"a huge victory" for the roughly 804,000 borrowers who"have been trapped in decades of never-ending payments."
"But make no mistake—over 804,000 people are receiving relief with this action because of 804,000 failures—and this is only the tip of the iceberg," said Yu."Now, our leaders need to finish the job. We look forward to the administration's ongoing efforts to enact further relief efforts and ensure they include defaulted borrowers—those who have truly fallen between the cracks and who have been continually left behind.
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