Student Loan Forgiveness 2024 Eligibility Reddit. “borrowers with original principal balances of $12,000 or less will receive forgiveness of any remaining. To be eligible, your annual income must have.

Under all idr plans, any remaining loan balance is forgiven if your federal student loans aren’t fully repaid at the end of the repayment period (either 20 or 25 years). After last summer’s supreme court ruling that nixed president joe biden’s first student debt cancellation initiative, officials have taken two parallel routes to.