Apply For Biden Student Loan Forgiveness 2024. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest. Today, president biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the saving on a valuable education (save) repayment.
Here’s a breakdown of what it means. Student loan borrowers enrolled in the biden administration’s new repayment plan can now get on a faster path to student loan forgiveness.