Student Loan Forgiveness 2024 Trending Reels. Here are key details on who qualifies, and when you may be able to apply. 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 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. A legal showdown over student loan forgiveness is continuing this month, and the outcome could have far broader impacts than many people realize.