Overview

• Borrowers are advised to check their emails for details on eligibility and the opt-out process.
• The plan targets those with significant interest accrual, long-term repayment, and low-value education programs.
• No application is needed for most borrowers, but opting out requires contacting loan servicers by August 30.
• The final rule for the debt relief program is expected to be finalized by October.
• Wisconsin's average student loan debt is $31,679, slightly below the national average.