Over 804,000 borrowers have had their outstanding student loan balances forgiven this summer after years of payments.
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These borrowers signed up for income-based repayment plans that were supposed to forgive the remaining balance after 20 or 25 years.
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A review found that for some borrowers, years of payments hadn't added up to a forgiven balance due to miscalculations.
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Many of these borrowers struggled with ballooning interest and confusion over whether their payments counted.
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The relief came as a surprise and was celebrated as "golden emails" by those affected.
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The Biden administration worked on recalculating the number of payments some borrowers made to correct past administrative failures.
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This marks one of the largest groups of former students receiving debt relief under the Biden administration.
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Some borrowers had been paying their loans for decades, and this relief allows them to consider other financial goals.
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The adjustment was met with lawsuits, but a federal judge quickly dismissed them.
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Borrowers are now celebrating the erasure of their student loan debt and newfound financial freedom.
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