Student loan borrowers who have been in a holding pattern now have new options for their payment plans. Ongoing lawsuits have placed millions of borrowers enrolled in the Saving for a Valuable Education (SAVE) plan into forbearance and thrown student loan forgiveness initiatives into limbo.

The Biden administration walked away from two mass student loan forgiveness plans on Friday, marking an anticlimactic end to the efforts to enact broad student debt relief. Officials withdrew proposed regulations that would have allowed the initiatives to be implemented.

Student loans are one of the nightmares in a student’s life, but millions of students manage them in one way or another. This article will explore the latest update on the Biden student loan forgiveness 2024 program,

In the waning days of the Biden administration, activists are urging the Education Department to discharge the student debt of older borrowers who they say are in no position to repay.

Borrowers in default on their loans could face negative marks on credit reports and collections fees early in the new year.

The country's roughly 40 million federal student loan borrowers should brace for change when President Joe Biden exits office toward the end of the month.

Here are the biggest student loan forgiveness updates as we enter 2025, and what borrowers should keep an eye out for this year.