47,000 service members will finally get the student loan debt relief they’ve been promised for years

A day after the Education Department wiped out $5.8 billion in student debt for borrowers with disabilities, it announced service members will also be getting relief: waived interest that has been a benefit under the Higher Education Act but has barely been accessed.

On Friday, the Education Department announced the Federal Student Aid (FSA) office will be retroactively waiving interest on student loans for 47,000 former and active-duty service members. The relief will happen automatically, removing the requirement for service members to make individual requests to access the benefit.

Source: 47,000 service members will finally get the student loan debt relief they’ve been promised for years