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Karin Engstrom thought she’d be paying off her federal student loans for the rest of her life. The 82-year-old was shocked when she logged on to check her balance ahead of payments resuming in October and found that more than $175,000 in debt had been erased.
To correct mistakes by loan servicers, the Department of Education is retroactively adjusting accounts, resulting in forgiveness.
The pandemic-era relief policy that has lasted 42 months will finally conclude in October.
The pandemic-era relief policy that has lasted 42 months will finally conclude in October.
The pandemic-era relief policy that has lasted 42 months will finally conclude in October.