Apply For Biden Student Loan Forgiveness 2024. The biden administration announced last week that $74 billion in student loan forgiveness has now been approved for borrowers under. Biden's forgiveness plan seeks to cancel $10,000 in federal student loan debt for individual borrowers with an annual income less than $125,000.

President biden is set to announce a new mass student loan forgiveness plan. Some borrowers should take certain steps by april 30th.