LogFAQs > #977075067

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TopicYour regular reminder that the Biden admin has forgiven 127 billion of student
emblem-man
11/06/23 9:02:07 PM
#7:


HornyLevel posted...
Same with those at 20/25, since all IDR is that length. They would all have been forgiven regardless.

The loan servicers werent keeping track of the number of qualifying payments, Kantrowitz said.
The Biden administration has evaluated millions of borrowers loan accounts to see if they should have had their debt cleared.

As a result, it has cleared nearly $42 billion for more than 850,000 people enrolled in these plans.


A large part of doing real concrete work is really just doing the boring tedious administrative work. I'm going to count it as a win that they corrected and fixed broken administrative policies that were stopping people's loans from being cancelled.


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