Student Loan Forgiveness 2024 Latest. Today, my administration is canceling student debt for 160,000 more people, bringing the total number of americans who have benefitted from our debt relief. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.

The biden administration has released new details on an upcoming student loan forgiveness initiative that could benefit millions of borrowers. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.