Student Forgiveness Loan 2024. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest. The administration’s new proposals would waive student debt for borrowers with only undergraduate debt would qualify for forgiveness if they first entered repayment at least.

To see if you’re eligible, check your loan type (federal loans work for most programs), look at your job status (some. Student loan borrowers enrolled in the biden administration’s new repayment plan can now get on a faster path to student loan forgiveness.