Similar Stories to Over 800,000 Student-loan Borrowers Are Set To Start Seeing Their Debt Wiped Out Following Income-driven Repayment Reforms on Bing News

President Joe Biden.MANDEL NGAN/AFP via Getty Images Over 800,000 student-loan borrowers are set to start seeing their debt wiped out. It's part of a one-time account adjustment for borrowers on income-driven repayment plans. The future of the relief is uncertain after conservative groups filed a lawsuit to block it. Student-loan forgiveness is set to begin for thousands of borrowers.On Monday, student-loan companies are set to begin discharging the debt of 804,000 borrowers who have qualified for $39 billion in debt relief — part of the first batch of borrowers affected by the Education Department's one-time account adjustment for income-driven repayment plans.The department announced on July 14 that borrowers who had made the required 20 or 25 years of qualifying payments on income-driven repayment plans would be notified of their debt cancellation and that 30 days later, their servicers would begin discharging their loans."At the start of this Administration, millions of borrowers had earned loan forgiveness but never received it.