Over 800,000 student-loan borrowers are getting their debt wiped out in the coming months. Here's what other borrowers should know if they also want that relief.
in the coming months thanks to a one-time adjustment to accounts enrolled in an income-driven repayment plan. This relief is automatic and the department said it will send emails to eligible borrowers who have"accumulated the equivalent of either 20 or 25 years of qualifying months," according to the press release.
And, according to Federal Student Aid, federal borrowers who are not currently enrolled in an income-driven repayment plan can still benefit from this adjustment as long as they have made at least 20 years of qualifying payments. How to make sure your loans qualify
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