"Recent Developments in Student Loan Forgiveness and Debt Cancellation"

Student loan borrowers who have applied to either the Public Service Loan Forgiveness or Income-Driven Repayment Forgiveness programs can appeal for forgiveness. Under the Public Service Loan Forgiveness program, loans are typically forgiven after 120 payments or ten years of continuous payments. Borrowers can appeal if they have evidence of eligibility or disagree with the payment count. The Income-Driven Repayment Forgiveness plan caps monthly loan payments based on income, and loans can be forgiven after 20-25 years of repayment. Borrowers can also appeal for a one-time adjustment to bring their loans closer to forgiveness. These measures are separate from the Biden administration's plan to wipe out up to $20,000 for federal student loan borrowers, which was struck down by the Supreme Court in June.