New Student Loan Laws 2024. Today, president biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the saving on a valuable education (save) repayment. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.


New Student Loan Laws 2024

On july 23, finance minister nirmala sitharaman announced a new education loan scheme in the 2024 budget, offering up to rs 10 lakh in loans for domestic higher education. The administration’s new plan would cancel debt for all borrowers with only undergraduate student debt who entered repayment 20 or more years ago and cancel loans for borrowers with any.

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