Student Loan Forgiveness 2024 News Today. Updated july 18, 2024 at 11:59 p.m. The department of education (department) today will begin notifying more than 804,000 borrowers that they have a total of $39 billion in federal student loans that will be automatically discharged in the coming weeks.
Hardship could soon be a basis for student loan forgiveness, as the biden administration announced that it will convene a hearing to evaluate a new debt relief option. Supreme court has struck down president bidenโs plan for federal student loan forgiveness, meaning millions of federal borrowers will not see their debts decreased or erased.