Student Loan Forgiveness 2024 Trending Rate. One such category involves borrowers who have been harmed by what biden characterized as “runaway interest” — a significant problem for many people struggling. President biden’s move means the student loan balances of millions of people could fall by as much as $20,000.
Student loan borrowers enrolled in the biden administration’s new repayment plan can now get on a faster path to student loan forgiveness. Today, president biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the saving on a.