Federal Student Loan Debt Relief

On August 24, 2022, President Biden announced the Federal Student Loan Debt Relief Plan. The plan includes a final extension of the student loan repayment pause through December 31, 2022, with payments resuming January 2023.

The plan also provides a one-time Federal student loan debt relief. The U.S. Department of Education will provide up to $20,000 in debt relief to Pell Grant recipients or up to $10,000 for non- Pell Grant recipients with Federal loans held by the Department of Education that disbursed prior to June 30, 2022. New loans disbursed on or after July 1, 2022 are not eligible for the debt relief. You may check your Federal loan history and whether you were a Pell Grant recipient by logging on to your Federal Student Aid account at StudentAid.gov.

Who is eligible

  • Your adjusted gross income (AGI) on your 2020 or 2021 Federal Tax Returns must be under $125,000 (for individuals) or $250,000 (for married or head of household).
  • If your parent has eligible loans of their own, including Parent PLUS Loan, they can submit their own Federal Student Loan Debt Relief application.
  • If you received a Pell Grant in college and meet the income requirement, you may be eligible for up to $20,000 in debt relief.
  • If you did not receive a Pell Grant in college and meet the income requirement, you may be eligible for up to $10,000 in debt relief.

What You Need To Do

  1. Check to see if you are eligible. Key considerations are your income, loan type, and disbursement dates. Follow these simple steps to determine your eligibility.
  2. Apply for Student Loan Debt Relief by completing the application today, but no later than December 31, 2023. Filling out the application is easy and takes less than 5 minutes. You do not need to log in or provide any documents. You will be contacted if additional information is needed. Apply by mid-November 2022 to receive relief before the payment pause expires on December 31, 2022.  Complete Student Loan Debt Relief application
  3. Make sure your contact information is up-to-date in your profile on both your loan servicer's website and on StudentAid.gov. Your loan servicer will notify you when the relief has been applied to your account.

Additional Information