Student Loan Forgiveness 2024 Eligibility Requirements

Student Loan Forgiveness 2024 Eligibility Requirements. 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 outlines plans to cancel interest and debt for millions of borrowers, including automatic relief for eligible borrowers.

Biden’s plan calls for up to $20,000 in debt cancellation for borrowers who are recipients of pell grants and $10,000 of loan forgiveness for other borrowers who. The plans would bring the total number of borrowers eligible for student debt relief to over 30 million, including the 4 million borrowers who have already been.