Student Loan Forgiveness 2024 Biden. These approvals are the result of significant fixes that the administration has made to the public service loan forgiveness (pslf) program. President biden will announce plans to cancel up to $20,000 of the amount a borrower’s balance has grown due to unpaid interest on their loans after entering repayment, regardless of their income.

Here’s what some of them said. Budgetary costs and distributional impact, aug.