Student Loan Forgiveness 2024 Eligibility. 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. President biden is set to announce a new mass student loan forgiveness plan.
Borrowers must have taken out no more than $12,000 in student loans to qualify. Borrowers are eligible for this relief if their individual income is less than $125,000 ($250,000 for married couples).