New Student Loan Forgiveness Plan 2024. Student loan forgiveness isn't dead yet, and other takeaways from 2023. President joe biden is joined by education secretary miguel cardona as he announces new actions to protect borrowers after the supreme court struck down his.

Under public service loan forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining student debt canceled. 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.