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9 comments

[–] jobes 2 points (+2|-0)

At least 40,000 borrowers will receive immediate debt cancellation under the Public Service Loan Forgiveness (PSLF) Program

Some 43.4 million borrowers are carrying about $1.6 trillion in outstanding student loans

So...uh...how are they exactly selecting these 40,000 people?

[–] smallpond [OP] 1 points (+1|-0)

The government said it was addressing "historical failures" to communicate to borrowers all the benefits they were eligible for in federal student loan programs.

They talk cryptically about benefits that people didn't know they were eligible for. Perhaps the cancelled debts are those that wouldn't exist if people had claimed these benefits.