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Brief
Student loan borrowers stage a rally in front of The White House to celebrate President Biden cancelling student debt and to begin the fight to cancel any remaining debt on August 25, 2022 in Washington, D.C. On July 14, 2023, the White House announced that more than 800,000 student loan borrowers would have their debt forgiven. (Paul Morigi | Getty Images for We the 45m)
Nearly 5,000 West Virginians qualify to have a combined $196.2 million in federal student loan debt forgiven as part of a Biden administration plan to fix income driven repayment plans.
The Department of Education and the White House announced last week that more than 800,000 federal student loan borrowers will have their remaining debt eliminated. State-by-state numbers released on Tuesday show that 4,950 West Virginians are eligible.
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” said U.S. Secretary of Education Miguel Cardona in a news release on Friday.
“By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve, just as we have done for public servants, students who were cheated by their colleges, and borrowers with permanent disabilities, including veterans. This Administration will not stop fighting to level the playing field in higher education,” he continued.
On Friday, the Department of Education began notifying by email those 804,000 borrowers of their forgiveness. Discharges will begin 30 days after the emails are sent, according to the news release.
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