Student Loan Forgiveness 2024 Application 20k. The administration’s new proposals would waive student debt for borrowers with only undergraduate debt would qualify for forgiveness if they first entered. About 4.75 million borrowers have received $167 billion worth of federal student loan forgiveness.

How to submit biden’s student loan forgiveness application. In 2022, the supreme court shut down a prior attempt by president biden to alleviate student loan debt, ruling the government couldn’t forgive some loans for.