Project 2025 Student Loan Forgiveness Timeline. Across 28 debt relief actions, including monday's, the biden administration has announced $183.6 billion in student loan forgiveness, the u.s. Earlier this week, president joe biden announced a plan to cancel $10,000 in student loan debt for borrowers whose annual income is less than $125,000 (or under.

Curtail student loan forgiveness and repayment programs. The education department announced on monday that it had canceled student loans for more than 150,000 borrowers, bringing the tally of americans whose loans were.