Student Loan Forgiveness 2024 Save Plan. A millennial dentist with $231,000 in student debt is worried he'll have to sell his home or get a second job if biden's new repayment plan is axed. For every $1,000 borrowed above $12,000, a borrower can receive forgiveness after an additional year of payments.

Protecting more income from payments. Borrowers can receive relief after at least 10 years of payments if they originally borrowed $12,000 or less.