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

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The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.

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,

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.