Student Loan Forgiveness 2024 Save Plan Student Loan. Generally, borrowers get idr forgiveness after 20 or 25 years on an idr plan, or 240 or 300 monthly payments, which are capped at a certain percentage of their. M illions of student loan borrowers enrolled in the saving on a valuable education (save) plan have their forgiveness in limbo after federal judges.
The save plan was launched last summer after the supreme court struck down president joe bidenโs $400 billion plan to rub out student loan debt for tens of millions of americans. The tool helps you review different student loan repayment plans and compare estimated monthly payments, total paid over time, and more.