Apply For Biden Student Loan Forgiveness 2024

Apply For Biden Student Loan Forgiveness 2024. The administration’s new plan would cancel debt for all borrowers with only undergraduate student debt who entered repayment 20 or more years ago and cancel. The administration has streamlined the process and expanded eligibility, leading to $14.1 billion in forgiveness for 548,000 borrowers.

Ultimately, more than 20 million borrowers could receive relief. The borrowers qualify for the debt relief through the public service loan forgiveness (pslf) program, which was created nearly two decades ago and expanded.