Student Loan Forgiveness 2024 Update Today. It would forgive up to $20,000 in interest for federal student loan borrowers whose balances have ballooned because of unpaid interest, a move that the white house. Today, my administration is canceling student debt for 35,000 people through public service loan forgiveness, bringing the total number of americans who have benefitted.
Supreme court has struck down president biden’s plan for federal student loan forgiveness, meaning millions of federal borrowers will not see their debts decreased or erased. 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.