Student Loan Forgiveness 2024 Forma. About 4.75 million borrowers have received $167 billion worth of federal student loan forgiveness. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.

Loan forgiveness and discharge programs. If you could find a loan with a 6% rate, your payments would drop from $303.32 to $277.55.