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US student loan forgiveness refers to the use of specific policies and programs to alleviate or waive some or all of a borrower's outstanding student loan debt. The following is a detailed information about the forgiveness of student loans in the United States:

The Biden administration's new plan: On April 8, 2025, the Biden administration announced a new student loan relief program. This plan is targeted at specific borrower groups, including those whose loan balance exceeds the initial loan amount due to interest, those who have already met the existing exemption conditions but have not applied, those who have started repaying at least 20 years ago, those who participate in "low economic value" projects, and those who are experiencing financial difficulties. If implemented as proposed, nearly 70% of federal student loan borrowers will see debt reduction or complete cancellation due to this policy. But the plan needs to be finalized, which may take several months and may face legal challenges.

Other common student loan forgiveness programs:

Public Service Loan Forgiveness Program (PSLF): If a borrower is employed by a government or non-profit organization and has made 120 months of qualified repayments according to a qualified repayment plan, the remaining balance of their direct loan can be waived. If the Federal Family Education Loan (FFEL) program loan and Perkins loan are merged into a direct loan program, they can also meet the conditions of PSLF.

Teacher Loan Forgiveness Program: Borrowers are eligible for a maximum of $17500 in direct loans or FFEL program loans if they have taught full-time for five complete and consecutive academic years at a low-income elementary, secondary, or educational service institution.

Income based repayment plan reduction: such as the "Valuable Education Savings" (SAVE) plan, which arranges monthly repayments based on the borrower's income and family size. Borrowers with an annual income below $32805 ($67500 for a family of four) do not need to repay, and the repayment amount for undergraduate loans will be reduced by half. After at least 10 years of repayment, the remaining debt will be fully waived.

Recent exemptions: In 2025, Biden announced exemptions for student loans for 150000 students, including nearly 85000 students who suffered economic losses due to school misconduct, 61000 disabled borrowers, and 6100 public service workers. The total amount of exempted student loans exceeded $4.2 billion.