Student Loan 2024 Forgiveness. Federal student loan forgiveness programs have changed quite a lot over the last year, and more options for student debt relief are coming. 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.

Student loan borrowers enrolled in the biden administration’s new repayment plan can now get on a faster path to student loan forgiveness. If your school closes while you’re enrolled or soon after you withdraw, you may be eligible for discharge of your federal student loan.