Student Loan Forgiveness 2024 Update

Student Loan Forgiveness 2024 Update. For every $1,000 borrowed above $12,000, a borrower can receive forgiveness after an additional year of payments. “interest rates for undergraduate loans have increased to 6.53% this year,.

Due to the payment count adjustment, past periods of repayment, deferment, and forbearance might now count toward your idr forgiveness. The higher rates “will increase the costs for millions of student loan borrowers.”.