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813,000 borrowers to get email from President Joe Biden on student loan forgiveness, White House says

CNBC

Annie Nova
November 28, 2023
Around 813,000 student loan borrowers will receive an email from President Joe Biden notifying them that their debt has been forgiven because of his actions, the White House said.
Though Biden’s plans to cancel up to $400 billion in student debt for tens of millions of Americans were foiled at the Supreme Court, he has managed to erase $127 billion in student debt so far for more than 3.5 million borrowers — more than any other president in history.
Around 813,000 student loan borrowers will soon receive an email from President Joe Biden notifying them that their debt has been forgiven because of his actions, the White House said Tuesday.
Many borrowers who will get the email likely already knew about the loan cancellation and may have already received that relief. The message directly from the president, less than a year ahead of the 2024 presidential election, makes it clear who was responsible for the relief.
“Congratulations — your student loan has been forgiven because of actions my administration took to make sure you receive the relief you earned and deserve,” the email reads.
Biden has erased $127 billion in student debt so far for more than 3.5 million borrowers — more than any other president in history.

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