Student Loan Forgiveness 2024 Update Today. Today, we are taking another historic step by forgiving $39 billion in student loan debt for 804,000 borrowers who have been paying down their debts for 20 years or more and. For the roughly 25 million borrowers with loan balances greater than they started with, the agency’s plan would forgive $20,000 of the difference between the starting loan amount and.
The biden administration is rolling out a new student loan forgiveness plan, and millions of borrowers will receive email updates this week. As the legal battle over save’s reduced payments and student loan forgiveness benefits continues, it appears increasingly likely that the supreme court will ultimately step in.