![]() ![]() She says borrowers are confused and have reached out to confirm there isn't anything they can do during this waiting period. "And so they're hanging on these words and these words matter."Ĭarolina Rodriguez says she's hearing a similar sentiment when speaking to her clients at the Education Debt Consumer Assistance Program in New York. " may not seem like a big deal, but borrowers are trying to figure out how to move on with their lives," Yu says. ![]() Persis Yu, deputy executive director and managing counsel for the Student Borrower Protection Center, says that this email puts many borrowers back "in limbo." 9 million additional borrowers received Tuesday's correction email. ![]() The most recent estimate from the White House said some 16 million borrowers have been approved for the relief program. Now, those borrowers will have to wait until the program clears the courts in order to know how much, if any, of their debt will be wiped out. However, the latest emails say some approvals were sent in error. That email, signed by Education Secretary Miguel Cardona, said that they would discharge borrowers' approved debt "if and when we prevail in court." Many borrowers had received an email in November saying that their application was approved to receive up to $20,000 in loan cancellation. The email, from Federal Student Aid, referred to the one-time relief plan that the Biden administration rolled out in August and – in recent months – put on hold following legal challenges. Millions of student loan borrowers were left confused Tuesday morning after receiving an email reversing course on what they thought was an approval of their student debt relief applications. ![]()
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