Student Loan Forgiveness 2024 Application 20k. The application for president joe biden’s student loan forgiveness plan is expected to go live as soon as this week. To get that maximum, individuals must earn less than $125,000 a year, or.

President biden’s student loan forgiveness application is now officially open, and borrowers can begin applying for up to $20,000 in debt cancellation. The future of student loan forgiveness will likely depend on key events over the next few months.