The Department of Education said lapses in its payment tracking system failed to account for some payments that would have pushed borrowers closer to a certain forgiveness date.
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More than 800,000 federal student loan borrowers will have their debts automatically forgiven, the Biden Administration said Friday, citing administrative deficiencies that failed to account for some of the borrowers’ payments.
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USA — mix Biden Announces $39 Billion Student Loan Forgiveness—800,000 Borrowers Could Lose Debts