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hereamp;#39;s how to qualify for automatic student loan forgiveness hereamp;#39;s what you need to know president joe biden has cancelled 11 5 billion of student loans since becoming president in january getting student loan forgiveness is no easy feat typically you must apply for student loan forgiveness or student loan cancellation however there are some circumstances in which your student loans get automatically forgiven that said typically you have to meet requirements to get automatic student loan forgiveness letamp;#39;s explore an income driven repayment plan is one way to get automatic student loan forgiveness income driven repayment plans include income based repayment ibr pay as you earn payee revised pay as you earn repay and income contingent repayment icr after 20 years undergraduate student loans or 25 years graduate student loans of federal student loan payments you will get automatic student loan forgiveness on your remaining student loan balance do three things for