Student Loan Forgiveness 2024 News And Rumors. 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 is sending emails out to tens of millions of borrowers about its new plans to cancel student debt.

Millions of student loan borrowers may receive student loan forgiveness this fall. Biden announced the new loan repayment plan last year alongside a separate plan to cancel up to $20,000 in loans for millions of americans.