Student Loan Forgiveness 2024 News And Facts

Student Loan Forgiveness 2024 News And Facts. The biden administration approved roughly $1.2 billion in student loan relief for about 35,000 borrowers who work in public service, including as firefighters, social workers and teachers. The biden administration on wednesday announced the cancellation of an additional $7.7 billion in student loans for 160,000 americans in its ongoing efforts to relieve soaring college debt.

Student loan forgiveness isn’t dead yet, and other takeaways from 2023. Thanks to this administration’s efforts one out of every 10 federal student loan borrowers has now been approved for some debt relief.