Student Loan Forgiveness 2024 Update Today. 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. Today, the administration is proposing to automatically cancel debt for borrowers otherwise eligible for relief through the save plan, public service loan.
Student loan forgiveness isn’t dead yet, and other takeaways from 2023. Education department will base the policy on the amount students initially.