Black Friday Sale! 50% Off All Access

9 Million People Were Told By Mistake Their Student Loan Forgiveness Was Approved A follow-up email admitting the mistake blamed "vendor error."

By Steve Huff

Stefani Reynolds | Getty Images

Nine million people who had applied for student debt forgiveness received an email in November telling them their application was approved. Unfortunately, another message arrived this week, admitting the approval email was sent in error.

Thanks to litigation over the program, federal courts have blocked debt forgiveness. The millions who were sent the inaccurate approval email do have some reason to hope — their applications, for now, are simply in limbo and haven't been rejected or approved.

"Due to a vendor error," the new message read in part, "you recently received an email with a subject line indicating your application for the one-time Student Loan Debt Relief Plan had been approved. The subject line was inaccurate. The body of the previous email was accurate."

CNN reports that Accenture Services, the vendor in question, blamed human error for the wrong subject line.

The Supreme Court is set to hear arguments on whether the student loan forgiveness program is legal in February 2023, with an opinion likely to follow in June. Should the Court render a favorable verdict for the government, millions who qualify for the program could see from $10,000 to $20,000 of their federal student debt canceled.

Meanwhile, President Biden's pandemic payment pause, originally set to expire at the end of this year, will remain in effect for two months following the Supreme Court hearing, ending in early summer 2023. If the student loan forgiveness program is revived, up to 40 million Americans will be eligible.

Steve Huff

Entrepreneur Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Living

These Are the 'Wealthiest and Safest' Places to Retire in the U.S. None of Them Are in Florida — and 2 States Swept the List.

More than 338,000 U.S. residents retired to a new home in 2023 — a 44% increase year over year.

Business News

DOGE Leaders Elon Musk and Vivek Ramaswamy Say Mandating In-Person Work Would Make 'a Wave' of Federal Employees Quit

The two published an op-ed outlining their goals for their new department, including workforce reductions.

Starting a Business

This Sommelier's 'Laughable' Idea Is Disrupting the $385 Billion Wine Industry

Kristin Olszewski, founder of Nomadica, is bringing premium wine to aluminum cans, and major retailers are taking note.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Business News

These Are the Highest Paying Jobs Available Without a College Degree, According to a New Report

The median salaries for these positions go up to $102,420 per year.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.