Student Loan Forgiveness 2024 Update Congress. Of the borrowers affected by wednesday’s announcement, 66,900 borrowers — who saw $5.2 billion forgiven — qualified through the public service loan forgiveness program, bringing the. Today, my administration is canceling student debt for 160,000 more people, bringing the total number of americans who have benefitted from our debt relief actions to 4.75 million.
Kenny holston/the new york times. Days after heralding its latest student debt forgiveness plan, the biden administration is announcing another round of loan cancellation through existing debt.