Student Loan Forgiveness 2024 Help. How to submit biden's student loan forgiveness application apply now for student loan forgiveness under president biden's new plan on the department of. Starting in 2024, payments on undergraduate federal student loans will be cut in half to 5%, rather than 10%, of.

Ultimately, more than 20 million borrowers could receive relief. Department of education is placing federal student loan borrowers enrolled in the biden administration’s new income.