$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.