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$1.3B in federal loans to be discharged for Pa. borrowers

The U.S. Department of Education will discharge $39 billion in federal student loan debt for some 800,000 borrowers. That’s according to an announcement Friday that came with state-by-state data.

In Pennsylvania, 28,940 borrowers will see more than $1.34 billion in loan forgiveness, according to the release.

The Biden Administration started contacting borrowers earlier this month after “fixes” to its Income-Driven Repayment plan and the way eligible payments were counted.

No action was required by borrowers for consideration, according to the Education Department.