New Student Loan Forgiveness Biden 2025. Millions of student loan borrowers could see their monthly loan payments increase in 2025 as several of president joe biden's rules expire in the new year. The biden administation has just taken the first step to create a new student loan forgiveness plan in the wake of last week’s supreme court ruling.

T he biden administration will announce some new details of its proposed student loan forgiveness plan monday, which if implemented, could bring forgiveness for a combined. Another round of forgiveness was announced thursday, bringing the total amount of student loan cancellation to more than $175 billion for nearly 5 million people since.