Student Loan Forgiveness 2024 News And Impact. Here are five takeaways for borrowers and the country. The government will cancel up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples.

Biden’s executive decision to forgive student loan debts, which bypassed legislation and now faces probable legal challenges, comes after months of debating the fairness and the impact such a. Borrowers have until august 30 to do so.