Student Loan Forgiveness January 2024. The reduction of payments on undergraduate loans from 10% to 5% of income above 225% of the poverty line. The biden administration announced another $4.9 billion in student loan forgiveness today, as the education department continues to implement targeted debt relief initiatives.
There are currently several ways to attain student loan forgiveness for federal. “if you don’t want to receive debt relief for any reason, you need to tell your loan servicer that you don’t want to receive student loan debt relief.