Student Loan Forgiveness May Begin This Week Under Adjustment, But Uncertainty Looms

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This is a critical week for hundreds of thousands of borrowers, as the Education Department is set to begin implementing nearly $40 billion in student loan forgiveness.

Earlier this month, the New Civil Liberties Allianceto the IDR Account Adjustment on behalf of the Cato Institute and the Mackinac Center for Public Policy — conservative organizations which have tried to stop other Biden administration student debt relief initiatives in the past.

“This lawsuit is nothing but a desperate attempt from right wing special interests to keep hundreds of thousands of borrowers in debt, even though these borrowers have earned the forgiveness that is promised through income-driven repayment plans,” an Education Department spokesperson said, according toCourt Has Not Yet Ruled In Student Loan Forgiveness Challenge

 

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