The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.

First paragraph and it seems pretty clear to me.

This is fixing a problem that we’ve known about for year where people who qualify to have their student debt eliminated but haven’t received it because payments weren’t properly counted.