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  1. Due to the payment count adjustment, past periods of repayment, deferment, and forbearance might now count toward your IDR forgiveness. Borrowers with certain non-Direct Loans will need to act by June 30, 2024, to benefit from this adjustment. Learn about the payment count adjustment and any actions you should take. 2.

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  3. Apr 8, 2024 · Borrowers seeking hardship-based student loan forgiveness may need to submit an application. Ultimately, more than 20 million borrowers could receive relief under the plan, according to the...

  4. Apr 12, 2024 · The Biden-Harris Administration announced today the approval of $7.4 billion in additional student loan debt relief for 277,000 borrowers. These discharges are for borrowers who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and are eligible for its shortened time-to-forgiveness benefit and as a result of fixes ...

  5. Feb 21, 2024 · Briefing Room. Statements and Releases. 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...

  6. Feb 21, 2024 · The Department will implement the remaining full benefits of the SAVE Plan in July 2024, which will further reduce monthly payments from 10 percent of a borrower’s discretionary income to 5 percent. Borrowers can learn more about forgiveness programs at StudentAid.gov/forgiveness.

  7. Apr 8, 2024 · Under Public Service Loan Forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining student debt canceled.

  8. Apr 12, 2024 · Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest. People who have owed on loans for at least 20...

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