Student Loan Forgiveness 2024 Latest. The administration’s new plan would cancel debt for all borrowers with only undergraduate student debt who entered repayment 20 or more years ago and cancel. 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.
Under public service loan forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining. 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.