Student Loan Forgiveness 2024 Trending News Today. Today, president biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the saving on a. 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 borrowers,.
President biden announced another round of student loan forgiveness on wednesday, canceling $7.7 billion in debt for 160,000 people in what has become a. The new plan would forgive some or all loan debt for nearly 30 million borrowers under the higher education act, the federal law that regulates student loan and grant programs.