Student Loan Forgiveness 2024 How To Apply It. However, the loan forgiveness element does not apply to private student loan borrowers who account for an estimated 8% of total outstanding student loan debt. Some borrowers may have to.

With each additional $1,000 of debt, the window for forgiveness increases by one year. However, the loan forgiveness element does not apply to private student loan borrowers who account for an estimated 8% of total outstanding student loan debt.