Student Loan Forgiveness 2024 Save Plan. The proposed plan includes relief for borrowers who have been paying their loans for at least 20 or 25 years, automatic forgiveness for borrowers who are eligible for income. Student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the u.s.

All borrowers on save receive forgiveness after 20 or 25. The benefit is based upon the.