The State of Student Loan Forgiveness: December 2024

Andrew Gillen

Note: This post updates last month’s post, and given recent developments will be the last monthly update. The biggest changes from last month include:

• The Biden administration has abandoned both parts of the Higher Education Act plan.
• Updated total number of borrowers and dollar amount of loan forgiveness to date.

Mass student loan forgiveness is terrible policy (see this report for a comprehensive list of reasons), but that hasn’t stopped...