Student Loans 2024 News. A federal appeals court will allow the department of education to proceed with lowering millions of student loan borrowers’ monthly payments in july as the biden administration faces two legal. Washington (ap) — the biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.

What lies ahead for 2024 could be just as momentous: 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 valuable education (save) repayment.