Student Loan Forgiveness 2024 Update Biden. Today, my administration is canceling student debt for 160,000 more people, bringing the total number of americans who have benefitted from our debt relief. More than 34,000 people have left public comments on the biden administration's new student loan forgiveness proposal.
Supreme court has struck down president biden’s plan for federal student loan forgiveness, meaning millions of federal borrowers will not see their debts decreased or erased. The biden administration announced another $4.9 billion in student loan forgiveness today, as the education department continues to implement targeted debt.