New Student Loan Forgiveness January 2024. Biden’s new student loan forgiveness plan should arrive this fall, with a caveat. President joe biden has announced another new broad student loan forgiveness plan that would cancel the debt of millions of borrowers who haven’t already received debt relief under existing.

Thanks to this administration’s efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief. The biden administration has released new details on an upcoming student loan forgiveness initiative that could benefit millions of borrowers.