More student loan forgiveness coming for longtime borrowers

(NerdWallet) - On July 14, 804,000 longtime student loan borrowers began receiving word that their $39 billion in remaining debt would be forgiven as the result of the Education Department’s income-driven repayment (IDR) account adjustment. This one-time program, first announced in April 2022 to repair past missteps in the IDR system, is counting more past repayment periods toward income-driven repayment (IDR) forgiveness. Many borrowers will be at least three years closer to IDR forgivene