New Student Loan Forgiveness 2024 Deadline. Today, president biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the saving on a. The biden administration has changed or extended deadlines for critical.

Under public service loan forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining. The administration’s new plan would cancel debt for all borrowers with only undergraduate student debt who entered repayment 20 or more years ago and cancel.