I had the same issue after updating my JDK in project and resolved it by replacing my .classpath file with previous one.
I noticed the following changes in my .classpath file
<attributes>
<attribute name="maven.pomderived" value="true"/>
<attribute name="org.eclipse.jst.component.dependency" value="/WEB-INF/lib"/>
</attributes>
The second line was missing from above code
<classpathentry kind="con" path="org.eclipse.jdt.launching.JRE_CONTAINER"/>
This line was missing
<classpathentry kind="con" path="org.eclipse.jdt.launching.JRE_CONTAINER/org.eclipse.jdt.internal.debug.ui.launcher.StandardVMType/JavaSE-1.8">
<attributes>
<attribute name="owner.project.facets" value="java"/>
</attributes>
</classpathentry>
These lines were added so I manually removed them and it all worked again.