Student Loan Forgiveness 2024 Trending. 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 valuable. You can expect the u.s.

The new plan would forgive some or all loan debt for nearly 30 million borrowers under the higher education act, the federal law that regulates student loan and grant programs. Administration announces new plan to forgive $7.4 billion in debt.