Since the online form for one-time federal student loan forgiveness opened in mid-October, applications have been pouring in. The U.S. Department of Education estimates more than 26 million borrowers, or about half of those eligible, have applied for $10,000 to $20,000 in federal student debt cancellation.
But recently federal judges have found the plan unlawful and issued an injunction, closing the forgiveness application for now and throwing the future of student loan debt cancellation into uncertainty. Here’s what borrowers need to know.
What Happens Next to the Student Debt Relief Plan?
Rulings by a federal judge in Texas and
