New Student Loan Forgiveness 2024 Application. Millions could receive student loan forgiveness automatically under biden's new plan, but some will need to submit an application. Another round of forgiveness was announced thursday, bringing the total amount of student loan cancellation to more than $175 billion for nearly 5 million people since president joe biden.

Another round of forgiveness was announced thursday, bringing the total amount of student loan cancellation to more than $175 billion for nearly 5 million people since president joe biden. Thousands receive boost as $4.9 billion forgiven.