Student Loan Forgiveness March 2024. Biden discussed student loan forgiveness at his state of the union address last week, and the administration is working to develop a new student loan relief plan based on financial. Department of education (department) will begin emailing all borrowers with at least one outstanding federally held student loan to provide updates on potential student debt relief, and to inform them they have until august 30 to call their servicer and opt out if they do not want this relief.

This update comes shortly after the department announced new pslf discharges a few weeks ago. Department of education (department) will begin emailing all borrowers with at least one outstanding federally held student loan to provide updates on potential student debt relief, and to inform them they have until august 30 to call their servicer and opt out if they do not want this relief.