Student Loan Forgiveness 2024 Application Cnn. A year after taking office, biden revealed his plan to cancel the debt of $10,000 per borrower and $20,000 for pell grant recipients. President joe biden on wednesday announced his plan to address student loan debt, which includes debt forgiveness for certain borrowers and extending the pandemic.
The federal government has already invoked this power before to forgive debt through the public service loan forgiveness program โ a debt repayment and forgiveness. Washington cnn โ when americans head to the polls in november, president joe biden will have had a direct effect on the household finances of about 4 million of them:.