Student Loan Forgiveness 2024 Trending News. The biden administration said friday that it is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for. You can expect the u.s.

Biden’s first attempt at widespread student loan cancellation would have erased $10,000 for borrowers with yearly incomes of up to $125,000, plus an additional. The biden administration continued its effort to extend student debt relief on thursday, erasing an additional $5.8 billion in federal loans for nearly 78,000.