Student Loan Forgiveness 2024 News. The biden administration just approved $613 million in student loan forgiveness under the save plan. The administration is proposing to waive loans from borrowers who took on debt to enroll in institutions or programs that lost their eligibility to participate in the federal student aid program or were denied recertification because they cheated or took advantage of students.
Biden’s new proposal would offer cancellation to five categories of borrowers. President biden will be announcing new proposals for partial or complete student loan forgiveness monday in wisconsin.