Student Loan Forgiveness Program is a initiatve where in the student is not required to repay back some part of the loan or the complete loan.

The Student Loan Forgiveness is also known as Cancellation or discharge of student loan.

Recently The President Biden was in talks to announce Student Loan Forgiveness Program.

Earlier The President Biden had put pause on student loan payment due to pandemic , but it was due to expire on 31st August 2022.

The President Biden has extended the pause to a final time through December 31, 2022, with payments resuming in January 2023 to ensure a smooth transition to repayment and prevent unnecessary defaults

On Wednesday 24th August 2022, The President Joe Biden has finally announced that U.S Government will forgive $10,000 in Student Loans.