New Student Loan Forgiveness 2024 Update. $51 billion for more than 1 million borrowers through administrative adjustments. “if you don’t want to receive debt relief for any reason, you need to tell your loan servicer that you don’t want to receive.
That initiative would have eliminated $10,000 (and in some cases, up to $20,000) in federal student loan. Days after heralding its latest student debt forgiveness plan, the biden administration is announcing another round of loan cancellation through.