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Education Department Rescinds Student Loan Forgiveness Credit, But Scope Of Rollback Is Unclear

The department said data errors and rule changes led to inaccurate payment counts for some borrowers, pushing them farther from 120 qualifying payments.

Summary by Forbes
The Education Department has publicly confirmed that it is reversing some student loan forgiveness credit. But many questions remain, and borrowers are in the dark.

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Forbes broke the news in Jersey City, United States on Tuesday, August 18, 2026.
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