Student Loan Forgiveness 2024 Who Qualifies For Student Loan Forgiveness. Here are key details on who qualifies, and when you may be able to apply. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.

Borrowers who received pell grants to pay for part of their education could have been eligible for up to $20,000 of loan forgiveness. Student loan borrowers enrolled in the biden administration’s new repayment plan can now get on a faster path to student loan forgiveness.