Didn’t Get A Student Loan Forgiveness Email? 7 Possible Reasons Why

Hundreds of thousands of borrowers have received email notifications in the past several months, indicating they have been approved for student loan forgiveness under the IDR Account Adjustment initiative.

This Biden administration initiative allows the Education Department to credit borrowers with time toward a 20- or 25-year loan forgiveness term under income-driven repayment plans. The benefit is available even for those who aren’t currently enrolled in an IDR plan. Under the initiative, borrowers who receive enough credit to reach their loan forgiveness milestone would receive a discharge of their student loan balance. A total of 804,000 borrowers were notified in July that they qualify for student loan forgiveness, and another 51,000 were approved in September.