It's a result of an account adjustment for borrowers who made the required 20 or 25 years of payments.
AdvertisementGeorge Tucker thought he would be resuming student-loan payments alongside millions of other borrowers this fall.
Tucker, 63, owed just under $50,000 on his student loans when the more than three-year pause on federal payments ended in October, per documents reviewed by Insider.
Although PSLF was intended to forgive student debt after ten years of qualifying payments, Tucker said paperwork challenges with the program threw him off track, and he was not anticipating debt relief.
George Tucker got $50,000 in student debt wiped out.
Persons:
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Organizations:
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