Student Forgiveness Loan 2024. Today, my administration is canceling student debt for 35,000 people through public service loan forgiveness, bringing the total. The biden administration is again gearing up to try to forgive the student debt of tens of millions of americans, after the supreme court struck down its first effort last.

The biden administration is sending emails out to tens of millions of borrowers about its new plans to cancel student debt. About 4.75 million borrowers have received $167 billion worth of federal student loan forgiveness.