Student Loan Forgiveness 2024 News 24. Borrowers can qualify for student loan forgiveness after 20 or 25 years in repayment under idr plans, or in as little as 10 years for those working in nonprofit or. Today, my administration is canceling student debt for 35,000 people through public service loan forgiveness,.

With the latest student loan forgiveness, the biden administration said it has waived $168.5 billion in debt for roughly 4.8 million americans, according to a. This latest proposed rule would by itself cost the federal government an estimated $150 billion.