Student Loan Forgiveness 2024 Trending Products. The biden administration has canceled $175 billion in student loans for nearly 5 million borrowers as of this month. The biden administration has made student debt forgiveness a key part of its policy agenda, aiming to provide relief for millions of borrowers burdened by loans.

Today, president biden announced an additional $4.5 billion in student debt cancellation for over 60,000 borrowers through the public service loan forgiveness (pslf). About 4.6 million borrowers have received federal student loan forgiveness.