The government said it was addressing “historical failures” to communicate to borrowers all the benefits they were eligible for in federal student loan programs.
U.S. Department of Education
Borrowers who are pursuing public service student loan forgiveness will be able to count previously ineligible student loan payments, get credit for late student loan payments that were late, and more.
Federal stimulus funds have enabled the U.S. Department of Education to make significant investments in under-resourced colleges and universities through the Higher Education Emergency Relief Fund, including more than $2.6 billion to HBCUs.
The Biden administration will automatically erase student loan debt for more than 300,000 Americans with severe disabilities that leave them unable to earn significant incomes. The move will wipe out more than $5.8 billion in debt.