Student Loan Forgiveness 2024 Update. Today, my administration is canceling student debt for 35,000 people through public service loan forgiveness, bringing the total number of americans. The department of education asked the supreme court on tuesday to lift a sweeping new block on president joe biden’s student loan repayment plan that aims to slash monthly payments and quicken.
Almost half of those borrowers would have had all of their student loans forgiven. Supreme court has struck down president biden’s plan for federal student loan forgiveness, meaning millions of federal borrowers will not see their debts decreased or erased.