Student Loan Forgiveness 2024 For Parents. The department of education (department) today will begin notifying more than 804,000 borrowers that they have a total of $39 billion in federal student loans that will be automatically discharged in the coming weeks.  — president joe biden will formally unveil a new student loan forgiveness plan next week, even as the education department continues to implement billions in debt relief approved so far.

 — the deadline to apply is december 31, 2023.  — president joe biden will formally unveil a new student loan forgiveness plan next week, even as the education department continues to implement billions in debt relief approved so far.