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Education Department Seeks Extension to Review Loan Forgiveness

11/8/2025

48 8 Full Breakdown

Summary

Story summary

The Education Department asked for more time to review about 200,000 borrowers for forgiveness.
It says the January 28, 2026 deadline is unrealistic due to unexpected application volume.
If no decision is made by then, $12 billion in loans will be automatically forgiven.
The reforms include eliminating Grad PLUS and tightening loan caps under the One Big Beautiful Bill Act.

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Story summary

The Education Department asked for more time to review about 200,000 borrowers for forgiveness.
It says the January 28, 2026 deadline is unrealistic due to unexpected application volume.
If no decision is made by then, $12 billion in loans will be automatically forgiven.
The reforms include eliminating Grad PLUS and tightening loan caps under the One Big Beautiful Bill Act.