Over the weekend, student loan borrowers who applied for President Joe Biden's one-time student loan began receiving emails that their applications have been approved. But they won't see their loans forgiven anytime soon.
U.S. Secretary of Education Miguel Cardona confirmed the emails were being sent to approved applicants. He also said those who applied and have yet to receive an email shouldn't worry; it takes time to notify millions of people, and the messages will go out in batches.
