Student Loan Forgiveness 2024 Details. Following last summer’s supreme court decision striking down president biden’s signature student debt relief plan (which would have provided $10,000 or more in student loan forgiveness for. 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.
The proposal would permit student debt forgiveness for borrowers with only undergraduate debt if they first entered repayment at least 20 years ago (on or before july 1, 2005), and borrowers with any graduate school debt would qualify if they first entered repayment 25 or more years ago (on or before july 1, 2000). Who qualifies for student loan forgiveness?