Student Loan Forgiveness 2024 Update Irs

Student Loan Forgiveness 2024 Update Irs. Borrowers who received pell grants to pay for part of their education could have been eligible for up to $20,000 of loan forgiveness. Eligible borrowers fall below the income levels.

The latest round of student loan forgiveness announced last week by the biden administration is for $4.9 billion held by 73,600 borrowers in idr or pslf plans. The pslf program allows you to receive forgiveness of the remaining balance of your direct loans after you have made the equivalent of 120 qualifying monthly payments.