Student Loan Forgiveness 2025 For Parents.  — 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.  — biden had proposed canceling student loan debt during the 2020 presidential election campaign.

All borrowers on save receive.  — individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest.