Student Loan Forgiveness 2024 Update Status. Cancel some or all debt for federal student loan borrowers who owe more than they did at the start of repayment in one of the following two ways: How to get student loan forgiveness in 2024.

Two major court rulings on student loan forgiveness efforts are expected within just a few weeks, and could impact 30 million borrowers. Under the teacher loan forgiveness program, teachers can get up to $17,500 in federal loan forgiveness.