Biden New Student Loan Forgiveness 2024.  — the administration’s new plan would cancel debt for all borrowers with only undergraduate student debt who entered repayment 20 or more years ago and cancel.  — president biden announced another round of student loan forgiveness on wednesday, canceling $7.7 billion in debt for 160,000 people in what has become a.

 — 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.  — today, president biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the saving on a.