Student Loan Forgiveness Program 2024. President biden is set to announce a new mass student loan forgiveness plan. Learn how to qualify and apply for public service loan forgiveness (pslf) for your federal student loans.

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 loans for borrowers. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.