Student Loan Forgiveness 2024 Trending Articles. It also provides updates on the. When the supreme court struck down president biden’s $400 billion plan to forgive up to $20,000 in federal student loan debt for 43 million borrowers, the prospect of.

To address the growing crisis, president biden announced a plan on wednesday to wipe out significant amounts of student debt for millions of people. The biden administration said friday that it is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000.