New Student Loan Forgiveness January 2024. The biden administration announced another $4.9 billion in student loan forgiveness today, as the education department continues to implement targeted 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.
Starting next month, borrowers enrolled in save who took out less than $12,000 in loans and have been in repayment for 10 years will get their remaining student debt cancelled. The biden administration announced another $4.9 billion in student loan forgiveness today, as the education department continues to implement targeted debt relief.