$34B in Student Loan Debt Forgiveness: Who's Had Their Student Loans Canceled?
Students included in loan forgiveness willnotneed to file borrower defense claims – they’ll receive the debt cancellation automatically. The PSLF program cancels the remaining balance on a student loan after the borrower makes 120 qualifying monthly payments. However, to receive this relief, borrowers need to submit aPSLF applicationbyOct. About 264,000 borrowers sued the agency, saying it illegally delayed action on longstanding defense claims. A hearing for a final approval of the settlement has been set for Nov....