As President Joe Biden continues to push various plans to provide student-debt relief, the Department of Education announced Thursday it will begin reaching out to borrowers about the options going forward to receive relief. All borrowers who have at least one outstanding federally held student loan will be contacted via email and provided with the options still available to them, the DOE said.
The DOE was clear however that the email does not guarantee the borrower will be eligible for relief.
Along with providing the options available, the email will also include information on how borrowers can opt out of the relief plans by contacting their servicer by Aug. 30. If a borrower elects to opt out of the plans, they will not be able to opt back in.
“These latest steps will mark the next milestone in our efforts to help millions of borrowers who’ve been buried under a mountain of student loan interest, or …