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40,000 Borrowers Set for Loan Forgiveness: Updates Coming Soon

2/18/2026

Summary

Story summary

In January 2026, the U.S. President Donald Trump administration identified 40,000+ borrowers eligible for forgiveness, including 10,800 in Income-Based Repayment Plan and 18,160 in Public Service Loan Forgiveness program.
Education Department reported loan balance at over $1.6 trillion for 42 million Americans.
Officials said borrowers have not received discharge notifications, but updates are expected soon.
The American Federation of Teachers (AFT) sued, yielding debt cancellation for 20,000 public service workers.

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Story summary

In January 2026, the U.S. President Donald Trump administration identified 40,000+ borrowers eligible for forgiveness, including 10,800 in Income-Based Repayment Plan and 18,160 in Public Service Loan Forgiveness program.
Education Department reported loan balance at over $1.6 trillion for 42 million Americans.
Officials said borrowers have not received discharge notifications, but updates are expected soon.
The American Federation of Teachers (AFT) sued, yielding debt cancellation for 20,000 public service workers.