Beginning this week, 804,000 federal student loan borrowers received emails from their servicers with the subject line “Your student loans have been forgiven.”
The notices came as part of the Biden admin’s previously announced efforts to cancel debt for qualifying borrowers.
Beginning this week, 804,000 federal student loan borrowers received emails from their servicers with the subject line "Your student loans have been forgiven."
The notices came as part of the Biden admin's previously announced efforts to cancel debt for qualifying borrowers.
— Kyle Griffin (@kylegriffin1) August 17, 2023
This was a mistake. They should have made them bankruptable, causing a reset for the borrower along with a penalty that they could no longer finance education with government backed funds, and they have to take a credit time-out.
AC