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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

US Education Department Restarts Student-Loan Forgiveness for Borrowers on Income-Based Repayment Plans

Nearly 2 million people could benefit from the loan forgiveness plan. (Credit: Photo Credit: Freepik)

US student-loan borrowers on income-based repayment (IBR) plans could see their debts paid off after the Education Department resumed a forgiveness program after months of pause.

Last week, many of these borrowers started receiving emails from the department, notifying them they qualify for debt cancellation.

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