Student Loan 2024 Update News. Millions of borrowers will see their monthly student loan payments reduced starting in july, thanks to one of the biden administration’s biggest changes to the. The biden administration is sending emails out to tens of millions of borrowers about its new plans to cancel student debt.
Biden administration broadens student loan debt forgiveness, with teachers, nurses and firefighters among 74,000 getting relief. Millions of student loan borrowers remain stuck in limbo as a court challenge over a key biden administration debt relief program continues.