Federal Student Aid and the Biden-Harris Administration have announced loan forgiveness plans of up to $20,000 for prior Pell-Grant recipients and up to $10,000 for all other loan borrowers. To be eligible borrower’s annual income must be below $125,000 (individuals) and $250,000 (married couples/head of households). If the U.S. Department of Education doesn’t have your income data – or if you don’t know if the U.S. Department of Education has your income data, the Administration will launch a simple application in the coming weeks. Borrowers can view their loan balances and check their Pell Grant status by logging into their Federal Student Aid account online at https://studentaid.gov/.
Please visit https://studentaid.gov/debt-relief-announcement/ for the most up-to-date information.
If you would like to be notified by the U.S. Department of Education when the application is open, please sign up on the Department of Education subscription page at https://www.ed.gov/subscriptions.