Student Loan Forgiveness 2024 News Today 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. Borrowers would be eligible for relief if they have a current balance on certain types of federal student loans that is greater than the balance of that loan when it entered.

Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest. Due to the payment count adjustment, past periods of repayment, deferment, and forbearance might now count toward your idr forgiveness.