Student Loan Forgiveness 2024. The department of education asked the supreme court on tuesday to lift a sweeping new block on president joe biden’s student loan repayment plan that aims to. 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.

The biden administration is sending emails out to tens of millions of borrowers about its new plans to cancel student debt. On friday, the white house announced that an additional 277,000 borrowers will see their student loans eliminated, amounting to about $7.4 billion in forgiven debt.