In recent weeks, some federal student loan borrowers have received welcome news: The U.S. Department of Education will soon cancel their remaining debt.
“You are now eligible to have some or all of your federal student loan(s) discharged because you have reached the necessary number of payments under your Income-Based Repayment (IBR) Plan,” reads an email sent to one borrower.
The notices stand out, consumer advocates say, because student loan forgiveness has become rare under the Trump administration.
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Since President Donald Trump took office, the U.S. Department of Education has stopped the relief under several programs in response to court actions and recent legislation. Meanwhile, tens of thousands of borrowers find themselves stuck in a backlog of buyback applications for Public Service Loan Forgiveness, an initiative that guarantees debt erasure for public servants after a decade.
