Student Loan Forgiveness 2024 Details. 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. After the supreme court struck down the forgiveness plan, the biden administration set up a student loan relief committee to.
Following last summer’s supreme court decision striking down president biden’s signature student debt relief plan (which would have provided $10,000 or more in student loan. More than 34,000 people have left public comments on the biden administration’s new student loan forgiveness proposal.