Student Loan Forgiveness 2024 Application 20k. President biden announced last year that the federal government would cancel up to $20,000 worth of federal student loans, and about two months later the education. Student loan borrowers across the country will have until december 2023 to apply for up to $20,000 in forgiveness from the federal government.
Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest. The biden administration is sending emails out to tens of millions of borrowers about its new plans to cancel student debt.
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