New Student Loan Forgiveness 2025 Eligibility

New Student Loan Forgiveness 2025 Eligibility. Individuals making less than $120,000 a year, or couples making less than $240,000, would qualify to have full forgiveness of their interest. 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.

Each additional $1,000 in borrowing adds 12 more. Under public service loan forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining.