Student Loan Forgiveness 2024 News And Facts. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest. President biden announced a new student loan forgiveness plan, trying to keep a campaign promise to ease the burden of college debt despite past court setbacks.

Biden administration officials on monday unveiled the details of a new plan to forgive student loan debt, suggesting that millions of americans could start seeing debt. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.