Student Loan Forgiveness 2024 Eligibility Criteria. Under public service loan forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining. If you borrowed $12,000 or less, you’ll receive loan forgiveness after making the equivalent of 10 years of payments.
Under public service loan forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining. Biden’s plan calls for up to $20,000 in debt cancellation for borrowers who are recipients of pell grants and $10,000 of loan forgiveness for other borrowers who meet certain income.
