Didn’t Receive A Student Loan Forgiveness Email This Week? 6 Things To Know

The Biden administration sent out mass emails this week to over 800,000 borrowers, notifying them that they qualify for student loan forgiveness. The Education Department announced that these borrowers would be collectively receiving nearly $40 billion in student debt relief.

But the program that underlies this latest initiative is just getting started. Borrowers who did not receive a student loan forgiveness email could still get one. And those who don’t qualify for immediate loan forgiveness could still see significant benefits from the initiative.